Trends in Mutual Fund Investing
The latest monthly "Trends in Mutual Fund Investing: March 2010," says, "The combined assets of the nation's mutual funds increased by $237.1 billion, or 2.1 percent, to $11.209 trillion in March, 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." It shows money fund assets decreasing by $155.2 billion in March and $332.2 billion, or 10%, YTD, to $2.984 trillion. ICI says, "Money market funds had an outflow of $155.70 billion in March, compared with an outflow of $77.26 billion in February. Funds offered primarily to institutions had an outflow of $125.62 billion. Funds offered primarily to individuals had an outflow of $30.08 billion." `ICI's weekly "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $5.85 billion to $2.872 trillion for the week ended Wednesday, April 28.... Assets of retail money market funds decreased by $10.59 billion to $982.83 billion.... Assets of institutional money market funds increased by $4.74 billion to $1.889 trillion."
