The combined assets of the nation’s mutual funds decreased by $398.0 billion, or 3.3 percent, to $11.621 trillion in August, according to the Investment Company Institute’s official survey of the mutual fund industry.
via ICI – Trends in Mutual Fund Investing, August 2011.
Stock funds decreased by 7.4% in August 2011 but were offset to some extent by gains in money market funds.