Fund Flows

The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs).  Members of ICI manage total assets of $11.82 trillion and serve nearly 90 million shareholders.  Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.

ici120910 Fund Flows

Foreign equity funds brought in the most new money last week, while domestic equity funds had the biggest outflows.  For the moment at least, the demand for taxable bond funds seems to have cooled down after attracting the lion’s share of new money for the year.

 

One Response to Fund Flows

  1. [...] Recovery From Loss As we near the end of 2010, one might think that investors are focused on the fact that the S&P 500 is on track to post another double-digit return or that it has had a spectacular recovery since the March 2009 bear market lows.  Yet, I don’t think that is where investors are focused. If they were focused on the powerful returns in the stock market over the last year and a half, then one would think that they would quit pulling money out of domestic equity funds.  Yet domestic equity funds had another $1.8 billion in redemptions just last week, bringing the total redemptions for 2010 to $81 billion. [...]

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