Long-Term Funds Take in $19B in November

Mutual funds had stronger net inflows in November than in the month before or the year earlier, Financial Research Corp. has reported.

Stock and bond funds had $19 billion of net inflows last month. In November 2003, stock and bond funds gathered $18.7 billion of assets, and this October they added $14.4 billion.

Domestic equity funds led the way, with $13.3 billion of inflows. International funds took in $10.8 billion.

By individual category, moderate allocation funds and mid-cap value funds have had the biggest net inflows so far this year, each taking in $3 billion. World allocation funds have been the third-most popular funds this year, taking in $2.5 billion.

American Funds topped all fund companies in terms of net inflows through November, taking in $7.7 billion of inflows, followed by Barclays Global, which has taken in $6.3 billion. State Street Global came in as the third bast-selling fund complex, reaping $6.3 billion. Driving that growth was the firm's SPDR exchange-traded fund, which gathered an estimated $3.6 billion to lead the individual-fund sales chart.