The combined assets of the nation's mutual funds decreased by $219.2 billion, or 1.8 percent, to $12.009 trillion in July, according to recent data from the Investment Company Institute's official survey of the mutual fund industry.
In the survey, mutual fund companies report actual assets, sales, and redemptions to ICI.
Highlights: Long-term funds—stock, bond, and hybrid funds—had a net outflow of $21.47 billion in July, vs. an outflow of $8.76 billion in June.
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