After winter spike, flows into stock funds level off
Despite recent market doldrums, investors continue to move more and more money into mutual funds. Monthly net cash flows into mutual funds hovered around the $20 billion mark during the summer. Much of the $23.4 billion in net new cash invested during August went into growth ($11.4 billion) and aggressive-growth ($8.2 billion) funds .
Mutual funds that invest in stocks overseas had an inflow of $3.8 billion in August, compared with an inflow of $1.5 billion in July.
The total assets of the nation's mutual funds stand at nearly $7.5 trillion, up from $6.8 trillion at the beginning of the year.
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