Report of the Investment Company Institute (ICI), managed funds or assets under management (AUM) Long-term mutual funds reached U.S. $ 64.8 billion in that period. Obtaining it broke the record in 2009, amounting to U.S. $ 52.6 billion USD.
AUM of equity mutual funds with underlying best record with the acquisition of U.S. $ 29.9 billion. Acquisition is far beyond AUM during January 2006.
"When I passed the fiscal cliff, we were able to lock up a lot of money," said David Kelly, chief strategist at JPMorgan Global Fund. JPMorgan Chase & Co. successfully earned funds under management of approximately U.S. $ 367 billion at the beginning of this year.
The surge helped hoist the mutual funds managed U.S. stock indexes. Yesterday (3/2), the Dow Jones Industrial Average hit a record 14,000 and be the best since 2007.
Developments than-expected U.S. manufacturing is a major factor in U.S. AUM acquisition record. The report showed the Institute for Supply Management, manufacturing growth in Uncle Sam has recorded a record high in the last nine months. It was a signal back the U.S. economic recovery.
Avi Nachmany, director of research at Strategic Insight, said the improving economic foundations in the U.S. stock mutual funds will increase AUM. With the optimism of economic recovery, he believes AUM could reach U.S. $ 90 billion during January this year.
Estimates were not without reason. The stock index Standard & Poor's 500 is the reference U.S. stocks, up 6.1% on the day yesterday. The increase was still not as good as compared to the same period the previous year.
Custodian banks and asset management companies mutual funds, up 11% compared to the previous period. "In January, the man glanced back at equity mutual funds.'s Very real to us and investors," said James Kennedy, Chief Executive Officer (CEO) T. Rowe Price Group Inc
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