Inflows to mutual funds continue to dwindle, according to the latest statistics from the Investment Company Institute. For the week ended Feb. 20, investors steered an estimated $11.29 billion into mutual funds, down 11% from the previous week.
Equity funds were the hardest hit, drawing an estimated $4.57 billion or 20% less than a week earlier. Of the $4.57 billion, $3.47 billion went to global stock funds with the remaining $1.09 billion going to U.S. funds.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access