$44B Added to Mutual Funds in September

Stock and bond funds experienced net inflows of $44.6 billion in September, according to Financial Research Corporation (FRC).
Reported by Rebecca Moore

The Corporate Bond objective led the net inflow category with $19.9 billion, followed by the International/Global Equity objective with $10.3 billion. The Equity objective posted net inflows of $6.9 billion, and International/Global Fixed Income saw net inflows of $5 billion.  

FRC data showed Tax-free Bond funds posted a $3 billion net inflow, while the Government Bond objective saw $700 million in net outflows for the month.  

By Morningstar categories, Intermediate-Term Bond took in $7.9 billion, Diversified Emerging Markets $7.8 billion, and Large Blend $6.5 billion.  

The SPDR S&P 500 ETF attracted $9.9 billion to lead the fund sales chart, followed by Powershares QQQ Trust with $4 billion. PIMCO Total Return ($2.6 billion), Vanguard Emerging Markets Stock Index ETF ($2.3 billion), and Vanguard Total Bond II ($1.8 billion) rounded out the top five. 

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Equities, Mutual funds,
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