It was only $99 million.
But it was the first gain registered by mutual funds that invest long-term in U.S. publicly listed companies since the start of June.
The $99 million inflow reported by the Investment Company Institute for the week ended July 18 does not erase the $11.8 billion pulled out of such funds in the prior six weeks.
The positive number for domestic stock funds came as investors poured $8.0 billion into mutual funds of all types, by the ICI’s count. ICI’s estimates are based on data collected covering more than 95% of industry assets.
Including funds that invest in foreign stocks, equity funds had inflows of $640 million for the week, up from $537 million.
Bond funds once again were the big winners, picking up $6.5 billion. Hybrid funds, which invest in both stocks and bonds, picked up 41.75 billion.
The last time that domestic stock funds showed a gain for an entire month was in April 2011, when $1.4 billion was added.
Since the start of June, mutual funds have seen total inflows of $26.8 billion.
Investors had placed a total of $12.0 trillion in mutual funds at the end of May.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access