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Equity funds report inflow of $19.39bn in Feb: ICI

Money market funds had an outflow of $46.71 billion in February, compared with an outflow of $9.40 billion in January

March 27, 2014 4:54 IST | India Infoline News Service
The combined assets of the nation’s mutual funds increased by $429.2 billion, or 2.9 percent, to $15.23 trillion in February, 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.
Equity funds posted an inflow of $19.39 billion in February, compared with an inflow of $23.90 billion in January. Among equity funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $9.74 billion in February, versus an inflow of $16.90 billion in January. Funds that invest primarily in the United States had an inflow of $9.65 billion in February, versus an inflow of $7.00 billion in January.
Hybrid funds posted an inflow of $5.69 billion in January, compared with an inflow of $2.79 billion in January.
Bond funds had an inflow of $7.67 billion in February, compared with an inflow of $1.18 billion in January. Taxable bond funds had an inflow of $6.13 billion in February, versus an inflow of $840 million in January. Municipal bond funds had an inflow of $1.55 billion in February, compared with an inflow of $344 million in January.
Money market funds had an outflow of $46.71 billion in February, compared with an outflow of $9.40 billion in January. Funds offered primarily to institutions had an outflow of $40.58 billion. Funds offered primarily to individuals had an outflow of $6.13 billion.

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