In September, more money flowed into mutual funds than flowed out, breaking a three-month pattern of fund outflows, according to Cerulli Associates’ October report on product trends. Despite the reversal into positive territory, however, mutual fund assets remain at a yearly low of $7.4 trillion.
While September wasn’t a great month in the market, the industry nevertheless experienced net inflows driven by investor interest in international stock and fixed income funds, said Alec Papazian, senior analyst at Cerulli Associates.
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