Equity funds experienced inflows of $3.04 billion in December, after inflows of $15.30 billion during the previous month, the Investment Company Institute reported today. That brings total net flows into equity funds in 2001 to just $32.25 billion, compared to 2000 when more than $309 billion was poured into stock funds, a decline of nearly 90%.
Money market funds underwent a substantial turnaround in December with outflows of $25.63 billion, according to the ICI. In November, more than $60 billion went into money funds. For the year, money market funds had net flows of $374.64 billion, over 90% of which went into institutional money funds.