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Article: AUGUST MUTUAL FUND SALES TOTAL $45.9 BILLION
- Article from:
- PR Newswire
- Article date:
- September 29, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, Sept. 29 /PRNewswire/ -- Sales of stock and bond and income mutual funds totaled $45.9 billion in August, according to the Investment Company Institute, the national association of the mutual fund industry. This compares with total sales of $43.6 billion in July and $29.8 billion in August 1992.
Sales of stock mutual funds totaled $19.4 billion in August, compared to $18.0 billion in July and $9.5 billion in August 1992. Growth and income funds, with sales of $5.3 billion, led all fund categories.
August sales of bond and income mutual funds totaled $26.4 billion, compared with $25.6 billion in July and $20.3 billion in August 1992.
Total sales ...