Tuesday, May 18, 2010

Mutual Fund Flows for March 2010

Washington, DC, April 29, 2010 - The combined assets of the nation’s mutual funds increased by $237.1 billion, or 2.1 percent, to $11.209 trillion in March, according to the Investment Company Institute’s official survey of the mutual fund industry. In the survey, mutual fund companies report actual assets, sales, and redemptions to ICI.
Total Net Assets of Mutual Funds
Billions of dollars
  Mar 2010 Feb 2010 % chg Dec 2009
Stock Funds 5,205.8 4,891.7R 6.4 4,957.6
Hybrid Funds 673.7 644.7R 4.5 640.7
Taxable Bond Funds 1,870.2 1,824.0R   2.5 1,749.1
Municipal Bond Funds 475.2 472.2R   0.6     457.1
Taxable Money Market Funds 2,618.9 2,761.9R     -0.5 2,918.8
Tax-Free Money Market Funds 365.0      377.2   -0.3     397.4
Total 11,208.7 10,971.6R   2.1     11,120.7
R=Revised data; Components may not add to the total because of rounding.

Highlights: Long-term funds—stock, bond, and hybrid funds—had a net inflow of $52.91 billion in March, vs. an inflow of $29.51 billion in February.

Stock funds posted an inflow of $11.22 billion in March, compared with an inflow of $651 million in February.  Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $8.32 billion in March, vs. an inflow of $5.11 billion in February.  Funds that invest primarily in the U.S. had an inflow of $2.89 billion in March, vs. an outflow of $4.46 billion in February.

Hybrid funds posted an inflow of $4.54 billion in March, compared with an inflow of $2.30 billion in February.

Bond funds had an inflow of $37.15 billion in March, compared with an inflow of $26.56 billion in February. Taxable bond funds had an inflow of $33.32 billion in March, vs. an inflow of $21.62 billion in February.  Municipal bond funds had an inflow of $3.83 billion in March, compared with an inflow of $4.94 billion in February.

Money market funds had an outflow of $155.70 billion in March, compared with an outflow of $77.26 billion in February. Funds offered primarily to institutions had an outflow of $125.62 billion. Funds offered primarily to individuals had an outflow of $30.08 billion.