US Mutual Funds Assets Increased 1.4% to $9.7 trillion in Sept.

The combined assets of U.S. mutual funds increased by $137.50 billion, or 1.4%, to $9.722 trillion in 8,045 funds in September, according to the Investment Company Institute.

Total Net Assets of U.S. Mutual Funds (billions of dollars)

Mutual Funds

Sept 06

Aug 06

% chg

Dec 05

Stock Funds

5,455.5

5,361.5

1.8

4,939.8

Hybrid Funds

613.0

602.8

1.7

567.3

Bond Funds

1,443.4

1,430.9

0.9

1,357.3

Money Market Funds

2,210.3

2,189.5

0.9

2.040.5

Total

9,722.2

9,584.7

1.4

8,904.8

Source:  Investment Company Institute, October 2006
Long-term funds - stock, bond, and hybrid funds - had a net inflow of $11.71 billion in September, vs. an inflow of $11.93 billion in August. Hybrid funds posted an inflow of $640 million in September, compared with an inflow of $236 million in August.

Stock funds posted an inflow of $6.47 billion in September, compared with an inflow of $5.06 billion in August. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $9.43 billion in September, vs. an inflow of $8.76 billion in August. Funds that invest primarily in the US had an outflow of $2.97 billion in September, vs. an outflow of $3.70 billion in August.

Bond funds had an inflow of $4.60 billion in September, compared with an inflow of $6.64 billion in August. Taxable bond funds had an inflow of $3.24 billion in September, vs. an inflow of $5.20 billion in August. Municipal bond funds had an inflow of $1.37 billion in September, compared with an inflow of $1.44 million in August.

Money market funds had an inflow of $15.47 billion in September, compared with an inflow of $42.87 billion in August. Funds offered primarily to institutions had an inflow of $10.29 billion. Funds offered primarily to individuals had an inflow of $5.18 billion.

Number of Mutual Funds in this Report

 

Sept 06

Aug 06

Sept 05

Stock Funds

4,686

4,665

4,525

Hybrid Funds

501

508

502

Taxable Bond Funds

1,288

1,288

1,272

Municipal Bond Funds

723

727

744

Taxable Money Market Funds

576

579

607

Tax-free Money Market Funds

271

273

281

Total

8,045

8,040

7,931

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