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The Markets January 29, 2008
Domestic Equity Funds Take In $47B in December
Stock and bond mutual funds experienced net inflows of $47.2 billion in December and $376.3 billion for the year, according to data from the Financial Research Corporation (FRC).
Reported by Fred Schneyer
Domestic Equity offerings led the way with $29.1 billion in December inflows ($74.4 billion year to date), the FRC data showed.
International/Global funds followed Domestic Equity offerings with a $17.1 billion December advance ($208.6 billion year to date). Government funds had a $2.4 billion inflow ($6 billion year to date), while corporate funds had a $2.1 billion December asset increase ($79.8 billion year to date). Tax-Free Bond funds were hit with a $3.6 billion asset drain ($7.2 billion year to date).
By Morningstar category, Large Blend was the winner in December with $25 billion in inflows ($63.2 billion year to date), followed by Large Growth at $5.1 billion ($1.6 billion year to date), and Intermediate Term Bond at $4.9 billion ($69.8 billion year to date).
State Street Global Advisors topped all funds families in December with $26.1 billion of net inflows ($49.2 billion year to date), while Barclays Global Investors came in second with $8.4 billion ($58.1 billion year to date), and American Funds posted $7.1 billion in net inflows ($74.6 billion year to date).
State Street Global Advisors’ SPDR Trust collected $21.6 billion to lead the December fund sales charts. iShares MSCI EAFE Idx was second at $3.4 billion.