Money market funds are getting the money

The money market funds macro-group (+$121.6 billion) was the only macro-group attracting net flows in November, while stock and mixed-equity funds handed back $26.4 billion and bond funds
witnessed $16.7 billion of net redemptions.

- Large-cap funds (-$4.7 billion) continued to be the flows pariah of the U.S. Diversified Equity (USDE) funds group, despite posting better returns than the other capitalization groups during the month.

- In November the Mixed-Equity Funds macro-group (-$4.6
billion) suffered only its fourth monthly redemption since July 2002. The mixed-asset target horizon funds group (+$1.9
billion) could not make up for the net redemptions witnessed by the mixed-asset target allocation funds group (-$5.5 billion).

- In November the World Equity Funds macro-classification recaptured the claim to shame of having the largest net outflows of Lipper's major equity macro-classifications, handing back $11.2 billion.