Mutual funds had stronger net inflows in November than in the month before or the year earlier, Financial Research Corp. has reported.
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Stock and bond funds had $19 billion of net inflows last month, the Boston research company said on Monday. In November 2003, stock and bond funds gathered $18.7 billion of assets, and this October they added $14.4 billion.
Domestic equity funds led the way, with $13.3 billion of inflows. International funds took in $10.8 billion.
American Funds topped all fund companies, with $7.7 billion of inflows, and State Street Global Advisors’ SPDR fund, an exchange-traded portfolio, gathered an estimated $3.6 billion to lead the individual-fund sales chart.
