Investors came storming back into mutual funds in early March, according to fund flow statistics released today from the Investment Company Institute. Fund flows into long-term mutual funds totaled $12.09 billion for the week ended March 7, more than double the previous week’s mark of $5.4 billion. In fact, it was the highest total since the week ended February 8, one month ago, according to ICI’s statistics.
One thing that has not changed, though, is investors’ hunger for safety. Of the $12.09 billion total inflow, fully 89% (or $10.7 billion) made its way into fixed-income funds. And of that amount, the vast majority ($9 billion) was invested in taxable bond funds while the remaining $1.7 billion was put into muni funds.
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