Investors were more generous with non-U.S. funds, sending an estimated $5.09 billion their way.
Hybrid funds, which invest in both stocks and fixed income securities, also took in more than U.S. stock funds, posting $2.02 billion in estimated inflows.
Bond funds were the biggest winners of the week, taking in an estimated $6.00 billion, 71% more than the $3.50 billion they attracted a week earlier.† Of the $6.00 billion, an estimated $5.42 billion went to taxable bond funds with the remaining $580 million going to municipal bond funds.
All told, mutual funds drew $13.79 billion in estimated inflows, besting last yearís record $13.18 billion inflow also in early February.†
The weekly fund flow estimates are derived from data covering more than 95% of industry assets, according to ICI.† The statistics cover long-term mutual funds, those the ICI defines as investing in long-term instruments.