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Rating:Mutual Funds Lengthen their Winning Streak
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Thursday, December 31, 2009

Mutual Funds Lengthen their Winning Streak

Reported by Patricia Kelly

Long-term mutual funds chalked up another week of net inflows, lengthening their winning streak to 41. ICI data show that for the week ended December 23, total estimated inflows to long-term funds were $12.25 billion. The numbers were picked up by The Wall Street Journal's John Kell for the final Fund Track column for 2009.

Singing a more positive tune this week were equity inflows, which rose from last week's $226 million to $3.1 billion for the week ending December 23. Driving the gains were U.S. equity inflows which reversed the previous week's downward trend and rose to $801 million. Foreign funds accounted for $2.3 billion of inflows this week.

Hybrid funds saw inflows of $1.01 billion, down slightly from $1.03 billion the week before.

Bond funds -- which in general, have seen strong inflows throughout 2009 -- had inflows of $8.15 billion this week, slightly off the previous week's inflows of $9.75 billion. Of the $8.15 billion gain, taxable funds added $7.12 billion, while municipal bond funds contributed $1.03 billion in inflows.

According to the Journal, the total estimated inflow streak as of December 23 2009 is roughly $413 billion. 

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