June fund sales hit $9.9B, continuing a 4-month rise. (mutual funds)
Publication: National Underwriter Life & Health-Financial Services Edition
Date: Monday, August 7 1989
June Fund Sales Hit $9.9B, Continuing A 4-Month Rise
June mutual fund sales increased to $9.9 billion, a $400 million gain over May fund sales, according to the Investment Company Institute, a mutual fund industry trade association.
The sales growth caps a four-month increase in fund sales. Mutual fund sales totaled $9.5 billion in May and $8.2 billion in June 1988.
"Net sales of equity funds in June reached their highest monthly level this year," said Dr. Jacob Dreyer, chief economist of the Institute. "This continues the trend of monthly increases
In addition, make sure to read these premium articles also available with your free trial:
- Sluggish bond fund sales extend summer doldrums.
- January sales slip slightly as mutual funds surge.
- Sept. fund sales fall to $9.9B after a great August.
- April fund sales edge up. (mutual fund sales)
- August fund sales hit $11.7B, highest in 2 yrs.
- Mutual fund assets surge to almost $8 trillion.
- Fund sales turned up in March.
- '88 mutual funds drop to $95B, half of '87 level.
- May mutual fund sales fall $1.5 billion to $1.25 billion.
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