MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 24, 2009 Mutual Fund Flows Head North to $11.3 Billion Perhaps the upcoming holiday brightened investors outlook –- sending long-term mutual fund inflows up nearly $7.2 billion to $11.3 billion for the week ended December 16, the latest report from the Investment Company Institute revealed. For the previous week ended December 9, inflows totaled $4.16 billion. Bond funds drove the upswing in flows, posting inflows of $10.01 billion, compared to estimated inflows of $4.15 billion for the previous week. Of the $10.01 billion, taxable bond funds accounted for $8.94 billion in inflows and municipal bond funds contributed $1.07 billion. Hybrid fund flows were also up, reaching $1.03 billion in inflows this week, increasing from a more moderate $556 million for the previous week. Equity funds saw more mixed results, pulling in $289 million, compared to last week's slightly higher inflows of $546 million. Domestic equity funds saw outflows of $1.17 billion this week, while foreign equity funds had $1.46 billion in inflows. Printed from: MFWire.com/story.asp?s=23626 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |