MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 11, 2009 ING's Fund Outflows and Sales Both Fall ING released its third quarter earnings report Wednesday, revealing that quarterly U.S. mutual fund sales decreased year-over-year, but with withdrawals over the same period. Retail mutual funds sales totaled $791 million for quarter ended September 30, 2009, noticeably less than the nearly $1.2 billion from from Q3 2008. Investors withdrew more this quarter than last, yet they withdrew more than a billion less than reported in Q3 2008. Outflows amounted to $382 million in Q3 2009, compared to $487 million in the third quarter of 2008. ING's Mutual funds accounted for $16.9 billion AUM as of September 30, 2009. Printed from: MFWire.com/story.asp?s=23211 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |