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%.

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.