Fun Days for Funds No Kidding

The market may have been flat for much of 2004, but it didn't affect investors' enthusiasm for mutual funds. Total assets in the nation's mutual funds grew by $177.5 billion, or 2.2 percent, to $8.1 trillion in December, according an Investment Company Institute survey of the mutual fund industry. Stock funds had a net inflow of $697 billion in 2004, compared with $152.28 billion in 2003 the largest

The market may have been flat for much of 2004, but it didn't affect investors' enthusiasm for mutual funds. Total assets in the nation's mutual funds grew by $177.5 billion, or 2.2 percent, to $8.1 trillion in December, according an Investment Company Institute survey of the mutual fund industry.

Stock funds had a net inflow of $697 billion in 2004, compared with $152.28 billion in 2003 — the largest annual influx since 2000, when stock funds took in $309 billion. Long-term funds posted a net inflow of $209.81 billion on the year, compared with a net inflow of $215.84 billion in 2003. Hybrid funds had a net inflow of $42.56 billion last year compared with a net inflow of $32.58 billion in 2003.

Net Assets of Mutual Funds
($ billions)
December 2004 November 2004 Percent Changed December 2003
Stock Funds $4,381.5 $4,222.3 +3.8% $3,684.8
Hybrid Funds 518.7 504.5 +2.8 436.7
Taxable Bond Funds 961.2 951.0 +1.1 906.8
Municipal Bond Funds 327.7 325.5 +0.7 334.1
Taxable Money Market Funds 1,602.0 1,609.6 -0.5 1,763.3
Tax-Free Money Market Funds 309.9 310.6 -0.2 288.4
Total 8,101.0 7,923.5 +2.2 7,414.1
Source: ICI
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish