Although net sales of long-term funds declined substantially in July, fund analysts downplayed the decline and said the fund industry would quickly rebound.

July net sales of long-term equity and fixed-income funds were down 23.5 percent to $15.6 billion, from $20.4 billion in June, according to the ICI.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.