Assets in US mutual funds grew 9% in the first two months of this year, according to a report from Cerulli Associates.
The Boston-based consultancy said that net inflows had contributed to the growth, with funds adding US$36.7 billion (€32.5 billion) in January and $29.2 billion in February.
The report also found that, while mutual funds have not returned to September 2018 levels ($15.4 trillion), assets have increased for two consecutive months, rising 8.6% to just less than $14.8 billion as of month-end February 2019.
ETF assets recovered from the fourth quarter 2018 downturn, eclipsing $3.72 trillion in assets during February and posting inflows of $23.2 billion for the month.
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