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Byline: Ken Hoover
A languid stock market cooled investors' enthusiasm for stock funds in June and July. Bond funds also lost a bit of their recent pull.
The Investment Company Institute reported Monday that $10.63 billion went into stock funds in June, down from $18.127 billion in May.
Taxable and municipal bond fund inflow was down, dropping from $6.23 billion in May to $2.91 billion in June.
Money market funds lost $24.1 billion in June after gaining $35.01 billion in May.
Overall, the net assets of the nation's mutual funds declined 1.2% to $6.943 trillion. Assets of stock funds decreased by $67.95 billion to $3.677 trillion. …