Peanuts:
<<WASHINGTON, Aug 27 (Reuters) - U.S. stock mutual funds took in net new cash of $19.30 billion in July, up from a revised $19.21
billion in June, a mutual fund industry trade group said on Thursday.
Previously the Investment Company Institute had reported June actual stock mutual fund inflows at $19.22 billion.
Hybrid mutual funds -- which include balanced, flexible portfolio, income mixed and asset allocation funds -- had inflows of $1.05 billion in July, compared with a revised $1.03 billion in June that was previously reported as $1.00 billion, ICI said.
Taxable bond mutual funds took in $6.05 billion last month, compared with June inflows of $3.47 billion, ICI said. July municipal bond mutual fund inflows totaled $987 million versus $676 million in June, it said.
ICI revised inflows of June taxable bond mutual fund from $3.42 billion and municipal bond mutual funds from $669.0 million.
The Investment Company Institute said total combined assets of U.S. mutual funds were $5.158 billion in July, compared with $5.155 trillion in June.
In the first seven months of 1998, net inflows to stock funds totaled $145.53 billion, compared with $134.89 billion in the first seven months of 1997. Inflows to hybrid funds were $10.52 billion, compared with $9.92 billion in the same 1997 period.
Taxable bond mutual fund inflows stood at $37.65 billion in the first seven months of 1998, up sharply from $7.67 billion in the same period last year. Municipal bond fund inflows in the January to July period were $8.10 billion, compared with an outflow of $2.89 billion in 1997, ICI said. >> |
