October saw inflows into equity funds for the first time since April, according to new data from the
“This reflected a significant decrease in outflows for domestic equity funds compared to prior months—a change that might have been influenced by the relatively strong stock market—as well as an increase in the already significant flows into international equity funds,” Sean Collins, ICI’s senior economist, wrote in an analysis of the data. Collins, who was traveling at press time, was unable to comment in person.
Total mutual fund holdings, including equity, bond, hybrid and money market funds, were $11.5 trillion in October, up 2.1% from September. Taxable bond funds increased 1.8% to $2.2 trillion over the same period.
Howard J. Stock writes for Bank Investment Consultant.
