Trends In Mutual Fund Investing
July 2007Washington, DC, August 30, 2007 - The combined assets of the nation's mutual funds decreased by $83.11 billion, or 0.7 percent, to $11.297 trillion, 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.
Total Net Assets of Mutual Funds
(billions of dollars)
| |
July 07 |
June 07 |
% chg |
Dec 06 |
Stock Funds |
6,391.3 |
6,545.6R |
-2.4 |
5,911.6 |
Hybrid Funds |
687.9 |
698.2R |
-1.5 |
653.1 |
Taxable Bond Funds |
1,224.5 |
1,222.2R |
0.2 |
1,129.5 |
Municipal Bond Funds |
378.2 |
376.5R |
0.5 |
364.9 |
Taxable Money Market Funds |
2,208.7 |
2,145.0R |
3.0 |
1,988.1 |
Tax-Free Money Market Funds |
406.2 |
392.6 |
3.5 |
366.4 |
Total |
11,296.9 |
11,380.0R |
-0.7 |
10,413.6 | R=Revised data Highlights: Long-term funds - stock, bond, and hybrid funds - had a net inflow of $16.27 billion in July, vs. an inflow of $13.71 billion in June. Stock funds posted an inflow of $10.75 billion in July, compared with an inflow of $4.87 billion in June. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $14.86 billion in July, vs. an inflow of $8.20 billion in June. Funds that invest primarily in the US had an outflow of $4.11 billion in July, vs. an outflow of $3.32 billion in June. Hybrid funds posted an inflow of $1.87 billion in July, compared with an inflow of $1.26 billion in June. Bond funds had an inflow of $3.65 billion in July, compared with an inflow of $7.57 billion in June. Taxable bond funds had an inflow of $3.46 billion in July, vs. an inflow of $7.05 billion in June. Municipal bond funds had an inflow of $191 million in July, compared with an inflow of $522 million in June. Money market funds had an inflow of $71.14 billion in July, compared with an inflow of $34.77 billion in June. Funds offered primarily to institutions had an inflow of $50.24 billion. Funds offered primarily to individuals had an inflow of $20.90 billion.
Net New Cash Flow of Long-Term Funds
(millions of dollars)
Stock Mutual Funds
| |
July 2007 |
June 2007 |
YTD 2007 |
YTD 2006 |
New Sales |
133,551 |
120,833R |
898,345 |
747,140R |
Redemptions |
-120,319 |
-112,592R |
-776,619 |
-622,690R |
Exchanges In |
21,560 |
18,128R |
136,810 |
129,354R |
Exchanges Out |
-24,045 |
-21,495R |
-158,994 |
-140,464R |
Net New Cash Flow |
10,747 |
4,874R |
99,542 |
113,340R |
Hybrid Mutual Funds
New Sales |
14,034 |
13,232R |
93,671 |
59,264 |
Redemptions |
-12,246 |
-12,000R |
-76,878 |
-55,258 |
Exchanges In |
1,955 |
1,501R |
11,910 |
8,969 |
Exchanges Out |
-1,872 |
-1,475R |
-11,247 |
-12,115 |
Net New Cash Flow |
1,872 |
1,258R |
17,454 |
860 |
Taxable Bond Mutual Funds
New Sales |
33,903 |
39,768R |
248,568 |
182,064R |
Redemptions |
-29,957 |
-33,663R |
-179,878 |
-161,487R |
Exchanges In |
5,891 |
5,409R |
40,702 |
26,045 |
Exchanges Out |
-6,379 |
-4,462R |
-32,732 |
-29,548 |
Net New Cash Flow |
3,458 |
7,052R |
76,660 |
17,074R |
Municipal Bond Mutual Funds
New Sales |
6,042 |
7,498R |
52,246 |
41,958 |
Redemptions |
-5,736 |
-6,814R |
-38,319 |
-35,074 |
Exchanges In |
943 |
1,688R |
7,737 |
6,035 |
Exchanges Out |
-1,057 |
-1,850R |
-7,246 |
-6,069 |
Net New Cash Flow |
191 |
522R |
14,418 |
6,851 |
Net New Cash Flow Of Money Market Funds
(millions of dollars)
July 07 |
June 07 |
YTD 2007 |
YTD 2006 |
71,141 |
34,765R |
200,254 |
61,860 |
Liquid Assets of Stock Mutual Funds
(percent of total net assets)
July 07 |
June 07 |
July 06 |
3.5% |
3.5% |
4.2% |
Annual Redemptions from Stock Funds
(percent of average net assets*)
July 07 |
June 07 |
July 06 |
20.8% |
19.7% |
20.4%R | *Redemptions over the most recent twelve-month period as a percent of average of total net assets at beginning and ending of period.
Annual Redemptions and Redemption Exchanges from Stock Funds
(percent of average net assets*)
July 07 |
June 07 |
July 06 |
24.9% |
23.7% |
24.9% | *Redemptions and Redemption Exchanges 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
| |
July 07 |
June 07 |
July 06 |
Stock Funds |
4,721 |
4,712R |
4,641R |
Hybrid Funds |
480 |
472R |
505 |
Taxable Bond Funds |
1,297 |
1,294R |
1,276R |
Municipal Bond Funds |
690 |
687R |
727 |
Taxable Money Market Funds |
565 |
566R |
581 |
Tax-free Money Market Funds |
263 |
263 |
273 |
Total |
8,016 |
7,994R |
8,003R | R=Revised data
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