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Mutual Funds
Mutual fund assets grow
March 30, 2000: 3:58 p.m. ET

Fund assets up 4.2% in February on heels of strong investments in stock funds
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NEW YORK (CNNfn) - U.S. mutual fund assets increased 4.2 percent in February on the heels of strong investments in stock funds.
    Combined assets in the nation's funds totaled $7.06 trillion, Investment Company Institute, a Washington trade group, reported on Thursday.
    Stock fund assets increased by $269.20 billion to $4.22 trillion. Net new cash flow was $53.55 billion, up from a revised figure of $40.9 billion in January.
    Taxable and municipal bond funds grew by $2.85 billion. These funds had a combine outflow of $7.78 billion in February.
    Cash flow to stocks invested in international companies skyrocketed to $18.04 billion from $12.19 billion in January.
    Gains in these sectors were lessened by a decline in growth finds to $11.09 billion from $12.58 billion in January.
    Outflows from hybrid funds also declined in February to $5.39 billion from
    $6.53 billion a month earlier. Back to top

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