Mutual fund assets grow despite outflows, ICI says

Mutual fund assets grew by 2.3% in March, according to a report released by the Investment Company Institute.
APR 30, 2009
By  Sue Asci
Mutual fund assets grew by 2.3% in March, according to a report released by the Investment Company Institute. Assets grew to $9.249 trillion, reflecting an increase of $211.2 billion from February, the report said. Stock funds had the biggest growth among the categories, with a 7.3% increase in assets, followed by hybrid funds, with 4.2%. Hybrid funds invest in both stocks and bonds. Still, stock and hybrid funds both posted outflows for the month. Stock funds shed $27.54 billion in March, representing an increase from the $24.88 billion in outflows in February. World equity funds, which invest largely overseas, had an outflow of $11.14 billion, and funds that invest primarily in the United States posted a outflow of $16.4 billion, the ICI said. Hybrid funds had an outflow of $4.05 billion for the month. At the same time, bond funds had a inflow of $21.03 billion, the ICI of Washington reported. In February, bond funds had an inflow of $16.97 billion. Taxable-bond funds posted an inflow of $17.69 billion, and municipal bond funds had a $3.34 billion inflow for the month. Money market mutual funds had an outflow of $77.02 billion, the ICI said.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.