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Rating:Schwab Investors Favor Growth Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 14, 2004

Schwab Investors Favor Growth

by: Theresa Sim

Domestic and international growth funds were popular with Charles Schwab investors, raking in a combined $1.8 billion in November.

Net mutual fund sales were $2.8 billion, up 36 percent from $2.0 billion in October and up 47 percent from $1.9 billion in November of 2003.

International growth fund sales skyrocketed compared to October and November of last year. November sales were $906.5 million, up more than 100 percent from $451.6 million in October and 123 percent from $405.8 million in November of last year.

Meanwhile, domestic growth fund sales were $891.5 million for November, an increase of 134 percent from $381 million in October but only five percent more than sales of the funds in November of last year.

Balanced and bond funds saw negligible or negative sales. 

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