Trends in Mutual Fund Investing
February 2002Washington, DC, March 27, 2002 - The combined assets of the nation's mutual funds decreased by $50.90 billion to $6.920 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 the ICI. Here is how the assets of the six major fund categories changed in the past month: Net Assets of Mutual Funds
(billions of dollars)
|
Feb 02 |
Jan 02 |
% chg |
Dec 01 |
Stock Funds |
3,308.3 |
3,373.5R |
-1.9 |
3,418.2R |
Hybrid Funds |
348.4 |
347.2R |
0.3 |
346.3R |
Taxable Bond Funds |
657.2 |
647.0R |
1.6 |
630.1R |
Municipal Bond Funds |
305.1 |
300.0R |
1.7 |
295.0R |
Taxable Money Market Funds |
2,023.6 |
2,028.5R |
-0.2 |
2,012.9R |
Tax-Free Money Market Funds |
277.7 |
275.0R |
1.0 |
272.4R |
Total |
6,920.3 |
6,971.2R |
-0.7 |
6,975.0R | R=revised data Highlights: Stock funds had an inflow of $4.69 billion in February, compared with an inflow of $20.05 billion in January. Domestic funds had an inflow of $7.58 billion in February, compared with an inflow of $16.40 billion in January. Stock funds that invest overseas had an outflow of $2.89 billion in February, vs. an inflow of $3.65 billion in January. Bond funds had an inflow of $10.67 billion in February, compared with an inflow of $10.47 billion in January. Hybrid funds had in inflow of $2.34 billion in February compared with an inflow of $2.21 billion in January. Money market funds had an outflow of $5.45 billion in February, compared with an inflow of $13.98 billion in January. Of the February outflow, funds that are offered primarily to institutions had an outflow of $10.12 billion. Funds that are offered primarily to individuals had an inflow of $4.67 billion. Net New Cash Flow of Long-term Funds
(millions of dollars)
Stock Mutual Funds
|
Feb 2002 |
Jan 2002 |
YTD 02 |
YTD 01 |
New Sales |
75,588 |
91,512R |
167,100 |
196,940R |
Redemptions |
-67,621 |
-74,623R |
-142,244 |
-170,081R |
Net Exchanges |
-3,276 |
3,159R |
-117 |
-5,206 |
Net New Cash Flow |
4,690 |
20,048R |
24,739 |
21,652R |
Hybrid Mutual Funds
|
Feb 2002 |
Jan 2002 |
YTD 02 |
YTD 01 |
New Sales |
6,122 |
7,421R |
13,542 |
13,887 |
Redemptions |
-4,059 |
-5,487R |
-9,546 |
-10,481 |
Net Exchanges |
273 |
275R |
548 |
367 |
Net New Cash Flow |
2,335 |
2,208R |
4,544 |
3,773 |
Taxable Bond Mutual Funds
|
Feb 2002 |
Jan 2002 |
YTD 02 |
YTD 01 |
New Sales |
21,254 |
25,901R |
47,155 |
37,273R |
Redemptions |
-13,590 |
-17,217R |
-30,807 |
-24,966R |
Net Exchanges |
667 |
323R |
990 |
2,340 |
Net New Cash Flow |
8,331 |
9,006R |
17,338 |
14,648R |
Municipal Bond Mutual Funds
|
Feb 2002 |
Jan 2002 |
YTD 02 |
YTD 01 |
New Sales |
5,143 |
5,344R |
10,486 |
10,092 |
Redemptions |
-3,183 |
-4,126R |
-7,309 |
-7,129 |
Net Exchanges |
380 |
246R |
626 |
214 |
Net New Cash Flow |
2,340 |
1,463R |
3,803 |
3,178 | R=revised data Net New Cash Flow of Money Market Funds
(millions of dollars)
Feb 02 |
Jan 02 |
YTD 02 |
YTD 01 |
-5,450 |
13,982R |
8,533 |
161,679 | R=revised data Liquid Assets of Stock Mutual Funds
(percent of total net assets)
Feb 02 |
Jan 02 |
Feb 01 |
5.3% |
5.5% |
5.9% | Annual Redemptions from Stock Funds
(percent of average net assets*)
Feb 02 |
Jan 02 |
Feb 01 |
24.7% |
23.5%R |
25.8%R | R=revised data *Redemptions over the most recent twelve-month period as a percent of average of total net assets at beginning and ending of period. Number of Mutual Funds in this Report
|
Feb 02 |
Jan 02 |
Feb 01 |
Stock Funds |
4,758 |
4,747 |
4,410R |
Hybrid Funds |
486 |
486R |
524 |
Taxable Bond Funds |
1,278 |
1,281 |
1,330R |
Municipal Bond Funds |
811 |
813 |
860 |
Taxable Money Market Funds |
686 |
690R |
698 |
Tax-free Money Market Funds |
327 |
326 |
336 |
Total |
8,346 |
8,343R |
8,158R | R=revised data
|
