Washington, DC, October 27, 2011 – The combined assets of the nation’s mutual funds decreased by $582.3 billion, or 5.0 percent, to $11.040 trillion in September, according to the Investment Company Institute’s official survey of the mutual fund industry.
via ICI – Trends in Mutual Fund Investing, September 2011.
Losses were primarily in Stock Funds which saw a 9.5% decrease.