The combined assets of the nation's mutual funds increased 1.5% in January from the previous month, to $10.57 trillion, according to data from the Investment Company Institute.
Net inflows into long-term funds, which include stock, bond, and hybrid funds, increased 129.9%, to $46.89 billion, the Washington, D.C., based firm announced Wednesday.
Stock fund inflows increased 106.8%, to $28.35 billion. Among stock funds, world equity funds - U.S. funds that invest primarily in foreign markets - posted an inflow of $21.11 billion for January, while funds that invest primarily in U.S. stocks had an inflow of $7.23 billion.
Hybrid fund inflows increased 91.5%, to $3.37 billion, and bond fund inflows increased 77%, to $15.17 billion. Money market funds had net outflows of $7.88 billion, compared with net inflows of $41.45 billion in December.
In January funds offered primarily to institutions had net outflows of $24.2 billion, while funds offered primarily to individuals had net inflows of $16.32 billion.
