Assets of US mutual funds fall by$1bn in March: ICI

India Infoline News Service | Mumbai |

NA

The combined assets of US mutual funds decreased by $1.0 billion, or 0.0 percent, to $15.23 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.
Long-term funds—equity, hybrid, and bond funds—had a net inflow of $26.83 billion in March, versus an inflow of $32.65 billion in February.
Equity funds posted an inflow of $10.42 billion in March, compared with an inflow of $19.19 billion in February. Among equity funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $8.53 billion in March, versus an inflow of $9.76 billion in February. Funds that invest primarily in the United States had an inflow of $1.90 billion in March, versus an inflow of $9.43 billion in February.
 
Hybrid funds posted an inflow of $3.87 billion in March, compared with an inflow of $5.72 billion in February.
 
Bond funds had an inflow of $12.54 billion in March, compared with an inflow of $7.75 billion in February. Taxable bond funds had an inflow of $11.09 billion in March, versus an inflow of $6.17 billion in February. Municipal bond funds had an inflow of $1.45 billion in March, compared with an inflow of $1.58 billion in February.
 
Money market funds had an outflow of $29.16 billion in March, compared with an outflow of $46.73 billion in February. Funds offered primarily to institutions had an outflow of $27.47 billion. Funds offered primarily to individuals had an outflow of $1.69 billion.


 

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