ICI's latest monthly "Trends in Mutual Fund Investing" for December 2011 says, "The combined assets of the nation's mutual funds increased by $12.3 billion, or 0.1 percent, to $11.620 trillion in December, according to 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.... Money market funds had an inflow of $38.52 billion in December, compared with an inflow of $43.13 billion in November. Funds offered primarily to institutions had an inflow of $29.10 billion. Funds offered primarily to individuals had an inflow of $9.42 billion." ICI's totals show money fund assets declining by $112.3 billion, or 4.0%, in 2011 from $2.804 trillion to $2.692 trillion. Bond fund assets rose by $253.4 billion, or 9.6%, from $2.633 trillion to $2.887 trillion. The number of money funds covered by the ICI report fell from 652 to 632 in 2011. Liquid assets of stock funds remain near a record low of 3.5%.
