The worldwide mutual fund industry reached $12.83 trillion in assets, a 4% improvement from the previous quarter, according to the Investment Company Institute’s third quarter numbers.

Although the third quarter did not possess the second quarter’s gaudy $136 billion inflow pace, net inflows continued to seep through, mirroring the continued recovery of the major stock markets. The $65 billion inflow to all funds included an impressive upswing in equity funds of 7.6%.

Globally, Europe posted its best quarterly inflows since 2001, and thanks to the success of almost every global stock index, the world’s equity inflow went above $102 billion for the quarter.

Bond funds suffered across the globe, plummeting from $88 billion in inflows in the second quarter to $6 billion in the third.

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