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Equity Funds Ended Higher in October
Long-term fund type net inflows totaled $29.6 billion for the month. Inflows to U.S. Equity totaled $20 billion, leading net intake to equity products, which amounted to $16.8 billion. U.S. Equity funds returned 2.4%, while international equity fund returns were at 0.2%.
October was the first month of 2014 which saw outflows from international equity funds, SI notes. However, net redemptions were limited to $3.2 billion.
Bond funds attracted $12.9 billion throughout the month via inflows to Corporate Bond General ($12.5 billion), Government Short Maturity ($6.5 billion), and Corporate High Quality ($6.1 billion). Additionally, Taxable Bond and Tax-Free Bond returns were positive at 0.7% and 0.6%, respectively. Money market fund net deposits amounted to $9.1 billion.
Information on how to obtain research reports from Strategic Insight is available at www.sionline.com.
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