Mutual Funds Top $13 Trillion
January 30, 2013
Mutual funds increased their assets by $174.3 billion to $13.047 trillion in December, according to the Investment Company Institute.
However, stock, bond, and hybrid funds had a net outflow of $22.74 billion in December, versus an outflow of $1.04 billion in November.
Specifically, stock funds posted an outflow of $30.47 billion in December, compared with an outflow of $23.18 billion in November. Hybrid funds posted an inflow of $311 million in December, compared with an outflow of $1.59 billion in November. Bond funds saw inflows of $7.42 billion in December, compared with an inflow of $23.73 billion in November.
And money market funds had an inflow of $75.63 billion in December, compared with an inflow of $68.34 billion in November.