Stock and bond mutual funds experienced $32 billion in net inflows in January, compared with $20.3 billion in December and $24.2 billion in January 2005, according to a survey released by Financial Research Corp.
International/global funds led the way in January with net inflows of $27.8 billion, compared with $18.1 billion in December and $13.6 billion in January 2005. Corporate fixed-income funds trailed with inflows of $5.5 billion in January, compared with $823 million in December and $3.1 billion in January 2005. Domestic equity showed a $3.1 billion outflow in January, compared with a $4.4 billion inflow in December and net inflows of $6.5 billion in January 2005.
American Funds topped all categories with $8.6 billion in net inflows for January, up from $6.6 billion in December but down from $9.1 billion in January 2005. American Funds' Growth Fund of America had the highest inflows for January with $3.5 billion, compared with inflows of $2 billion in January 2005. Vanguard Group had the most total assets, with an estimated $829.2 billion in January, up from $700.3 billion the year before.