The Markets January 30, 2007

International Funds Still the Draw in Fund Flows

Stock funds once again benefited from strong cash inflows, but only thanks to the continued allure of international offerings.
Reported by
Stock funds posted an inflow of $10.65 billion in December, compared with an inflow of $10.78 billion in November. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $13.12 billion in December, versus an inflow of $11.02 billion in November.
Domestic Outflows Accelerate
However, funds that invest primarily in the U.S. suffered an outflow of $2.47 billion in December, compared with an outflow of $237 million in November.
The combined assets of the nation’s mutual funds increased by $132.8 billion, or 1.3%, to $10.414 trillion in December, according to the Investment Company Institute (ICI).
Hybrid funds posted an inflow of $1.72 billion in December, close to November’s pace, and bond funds enjoyed an inflow of $8.80 billion in December, compared with an inflow of $6.85 billion the month before. Bond funds had an inflow of $8.80 billion in December, compared with an inflow of $6.85 billion in November.
Money market funds had an inflow of $41.53 billion in December, compared with an inflow of $54.83 billion in November. Funds offered primarily to institutions had an inflow of $29.29 billion. Funds offered primarily to individuals had an inflow of $12.24 billion.
More data is online HERE
The Markets January 30, 2007

Putnam Investments Now Available on Pershing’s FundVest

Putnam Investments are now offered through FundVest, Pershing’s no-transaction-fee mutual fund platform.
Reported by

Putnam Investments will now be available to Pershing’s introducing broker-dealer customers and their clients and, through Pershing Advisor Solutions LLC, to independent registered investment advisors.

Pershing LLC, a subsidiary of The Bank of New York Company, Inc., offers access to over 1,800 mutual funds, managed by more than 160 fund companies through FundVest, where investors buy, sell and exchange both load and no-load mutual funds without incurring regular transaction fees.

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