Bond funds accounted for the bulk of July’s net sales, IFIC reported, while equity, specialty and money-market asset categories also experienced positive inflows.
Bond funds pulled in $3.3 billion in July, compared with $1.2 billion in June.
Equity funds received $2.1 billion in July, after suffering $2.6 billion in net redemptions in June.
Specialty funds registered $800 million in inflows in July, up from $473 million in June, while money-market funds sales dropped to $31 million from $2.5 billion in June.
Meanwhile, balanced funds suffered $1.0 billion in net redemptions in July, after losing $4.0 billion the previous month. The category has seen annual net redemptions since 2022, and remains in negative territory for the year to date.
Monthly ETF sales came in at $5.0 billion in July, down from $10.2 billion in June but up from $2.8 billion a year earlier.
Bond ETFs gathered $1.5 billion in July, down from $5.5 billion in June.
Equity ETFs registered inflows of $2.4 billion, close to half of all ETF net sales. That’s compared to $2.8 billion in June.
Specialty ETFs had $271 million in inflows in July, down from $387 million in June.
Money-market ETFs sales dropped to $310 million in July from $1.1 billion.
Both mutual fund and ETF assets under management (AUM) also increased in July.
IFIC said mutual fund assets rose by $65.2 billion to $2.14 trillion, which represents a 3.1% month-over-month gain. ETF assets gained 4.1%, as AUM increased by $17.9 billion to $458.1 billion.