Mutual Fund Assets
Chart of the Week for September 9-15, 2005
The Investment Company Institute’s official survey of the mutual fund industry reported a 2.9 percent increase in mutual fund assets for July. The survey data collected was comprised of 7,929 mutual funds. Mutual Fund assets combined for the largest percentage monthly increase since November of 2001. This increase for July is representative of a combined net inflow of $240 billion into domestic mutual funds. As the chart depicts, funds across all major categories had an inflow of assets in July, except for municipal bond funds, with no percentage change for the month. Stock funds led the surge in total mutual fund assets, with a 4.4 percent increase in July. Of stock fund flows, it was funds that invest primarily in U.S. securities that comprised the majority of inflows. Strong job growth and income growth helped to support investor inflows into mutual funds for the month.
This illustration was compiled by information from outside sources. These companies are not affiliated with ICMA-RC. This information is being provided for educational purposes and is not intended to be construed as or relied upon as investment advice. ICMA-RC does not offer specific tax or legal advice. Individuals are advised to consider any new investment strategies carefully prior to implementing.
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The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC by calling 800-669-7400 or by writing to 777 North Capitol Street, NE, Washington, DC 20002-4240. Para asistencia en Español llame al 800-669-8216. Performance data current to the most recent quarter end is available by visiting www.icmarc.org.