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.

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