The combined assets of the nation's mutual funds decreased by $70.7 billion, or 0.6 percent, to $12.403 trillion in May, according to the Investment Company Institute's official survey of the mutual fund industry. In the survey, mutual fund companies report actual assets, sales, and redemptions to ICI.
Highlights
Long-term funds—stock, bond, and hybrid funds—had a net inflow of $17.57 billion in May, vs. an inflow of $24.07 billion in April.
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