WASHINGTON - Mutual funds bounced back in October from their September decline, with assets rising 4.2%, to $6.225 trillion, the Investment Company Institute said Monday.Stock funds gained the most, with assets jumping 6.2% from September, amid generally higher stock prices, the mutual fund trade group said. Net new cash flow into stocks, which takes into account new sales, redemptions, and exchanges, was $20.42 billion in October, compared with $10.79 billion in September.

Cash flow into stock funds - net sales plus net exchanges -totaled $4.42 billion in October, nearly twice the September pace. Redemptions from stock, hybrid, and taxable bond fund categories slowed in October from the previous month.

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