Long-term Retail Mutual Fund Flows Jump $61B In September: Citi

Citi analysts William R Katz, Neil Stratton and Steven J Fullerton dissect U.S. mutual fund flows in September in their research work “September U.S. MF Trends: Flows Recover But Usual Suspects Standout” of October 14, 2013.

Here are key insights from the report.

Retail interest high despite politics

Retail inflows were $78B in September comprising $34B in long-term inflows and $43B in money market flows. On an MTM basis long-term flows jumped $61B of which $32B accrued to Equities and $28B to Fixed Income. This was creditable given...