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Article: NOVEMBER MUTUAL FUND SALES TOTAL $42.1 BILLION, INVESTMENT COMPANY INSTITUTE REPORTS
- Article from:
- PR Newswire
- Article date:
- December 30, 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, Dec. 30 /PRNewswire/ -- The Investment Company Institute (ICI) released the following information on November mutual funds:
TOTAL SALES OF LONG-TERM FUNDS
Sales of stock and bond and income mutual funds totaled $42.1 billion in November, according to the Investment Company Institute, the national association of the mutual fund industry. This compares with total sales of $45.5 billion in October and $28.7 billion in November 1992.
Sales of stock mutual funds totaled $19.3 billion in November, compared to $20.9 billion in October and $12.2 billion in November 1992. Growth and income funds, with sales of $5.0 billion, led all fund categories.
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