The combined assets of the nation’s mutual funds increased by $486.2 billion, or 4.5%, to $11.267 trillion in September, as investors continued to add to long-term bond funds and pull money out of stock and money market funds, the Investment Company Institute said Thursday.
Stock funds saw $11.16 billion walk out the door during the money, following $16.50 billion of redemption in August. Funds that invest primarily overseas pulled in $3.54 billion of new money, after losing $943 million to redemptions in August. Funds that invest primarily in the U.S. saw $14.70 billion walk out the door, slightly less than the $15.55 billion in August.
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