Outflows from long-term U.S. stock funds decelerated to $2.3 billion during the week ending Oct. 10, according to the latest statistics from Investment Company Institute. The previous week’s domestic outflow had been $10.6 billion, the high mark for the year.
Non-U.S. stock funds lost an additional $295 million in the recent time period.
As has been the case for most of the year, the inflows to bond funds counter-acted equities’ losses. Total bond fund inflows were $9.5 billion, with the vast majority ($8.2 billion) going to taxable bonds and the rest going to munis.
Hybrid funds—those that invest in both stock and fixed income—had estimated inflows of $139 milling for the week, down substantially from the $2.3 billion in inflows the previous week. All told, mutual finds attracted an estimated $7 billion for the week
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.