SECURITIES

Mutual Fund Purchases Rebound: After a slow October investors again poured money into stock and bond mutual funds in November, and the surge has continued to this month, funds report. The Investment Company Institute, trade group for the industry, said net new cash flow into stock funds jumped to $9.9 billion in November from $5 billion in October. Net new cash flow into bond funds rocketed to $7.8 billion from $2.1 billion in October. Those figures represent net fund purchases after accounting for redemptions and exchanges among funds in the same company. Total mutual fund assets reached $1.59 trillion in November, the ICI said. So far this month, many fund companies say purchases have continued strong, though not necessarily at November’s brisk pace.