|
Tuesday, February 9, 2010
|
|
|
|
|
|
Investors cash out $21.9 billion from funds
Investors pulled $21.9 billion out of stock and bond mutual funds in September, according to estimates from the Financial Research Corp. of Boston.
The largest fund groups saw a decline in assets, with Malvern, Pa.-based The Vanguard Group’s assets dropping 7.74%, to $956.9 billion, in September, followed by American Funds Investment Co. of Los Angeles with a decline of 9.94%, to $931.4 billion, and Fidelity Investments of Boston, which saw a 11.8% drop in assets, to $716.9 billion. Domestic stock funds took in $12.8 billion for the month, while international and global stock funds had net outflows of $27.6 billion. Boston-based State Street Global Advisors’ SPDR S&P 500 ETF led the month as the top seller, taking in $20.2 billion in net flows for September. The iShares Russell 2000 Index Fund ranked second, attracting $6.3 billion in net inflows. The data do not include money market funds, FRC noted.
Recommend this article?
User Comments
Reproductions and distribution of the above news story are strictly prohibited. To order reprints and/or request permission to use the article in full or partial format please contact our Reprint Sales Manager at (732) 723-0569.
|
 |
|
|
|
|
Fund Data Provided by
|
Markets Data Provided by
|
 |
 |