A happy trickle

Mutual fund executives probably won't be dancing in the street over reports of modest inflows into stock mutual funds in January.
FEB 22, 2009
Mutual fund executives probably won't be dancing in the street over reports of modest inflows into stock mutual funds in January. Still, the direction of the flow may be a sign that things are finally looking up for the beleaguered fund industry, said Avi Nachmany, director of research for Strategic Insight Mutual Fund Research and Consulting LLC of New York. Reversing seven straight months of net redemptions, net inflows into stock funds totaled $7 billion last month, according to estimates from Strategic Insight's Simfund database. Inflows were experienced in both domestic- and international-equity funds — $5 billion and $2 billion, respectively. What does it mean? "As we distance ourselves from the extreme anxiety of the fourth quarter into more-normal, above-average anxiety, the inclination to redeem assets has declined," Mr. Nachmany said. But it is still premature to declare a return to normalcy. "One point does not make a trend," Mr. Nachmany said. "There is still a lot we need to get through." Even one month of positive flows, however, is encouraging, Mr. Nachmany said. "The point is, deviation from normal shareholder activity has declined," he said.

Latest News

Regulation lags rising private credit risks as retail access widens
Regulation lags rising private credit risks as retail access widens

New CFA Institute research calls for tougher valuation rules and suitability standards as private credit funds court wealth management clients.

LPL Financial, Raymond James land advisors managing $470M
LPL Financial, Raymond James land advisors managing $470M

Michigan father-son team with nearly 50 years of combined experience joins LPL, while a New Jersey advisor moves from Ameriprise to RJFS.

Wealth transfer timing: why waiting is the costliest mistake families make
Wealth transfer timing: why waiting is the costliest mistake families make

UBS expert Sarah Salomon says stewardship is built over time, not handed over in a will.

US fintech investment tops $80bn in H1 2026, driven by mega-deals
US fintech investment tops $80bn in H1 2026, driven by mega-deals

KPMG's Pulse of Fintech report finds American dealmaking dominated global totals, with AI and payments consolidation reshaping where capital flows.

Advisor says retirement plan defaults still target an average
Advisor says retirement plan defaults still target an average

ERISA Investment Fiduciary Philip Chao says most retirement plans use target date funds as a one-size-fits-all default that ignores individual circumstances

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income