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Investment Company Institute's Survey
July 31, 2006 According to the Investment Company Institute’s survey of the mutual fund industry, stock mutual funds posted an $8.40 billion outflow in June, compared to a $3.16 billion inflow in May of this year. The last month that stock funds experienced an outflow was in February of 2003. Bond funds had an outflow of $345 million in June, following an outflow of $2.55 billion in May. Money market funds had an inflow of $20.06 billion in June, after a $50.83 billion inflow in May.
Thursday August 31 2006 02:30 PM
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