Total U.S. mutual fund assets continued to fall in November, according to the Investment Company Institute of Washington, D.C. Mutual fund assets, which have decreased for the past three months, dropped 5.2 percent to $6.6826 trillion in November, the lowest total since November, 1999, according to the ICI.
Cash flow into stock funds was $5.68 billion in November. That followed flows of over $19 billion in October, $17 billion in September and $24 in August, according to the ICI. Still, year-to-date net flows into stock funds neared $300 billion in November, almost double that of 1999. Stock funds that invest abroad had an outflow of $2.88 billion in November. In October, there was an outflow of $206 million.