Inflows to mutual funds lost momentum in late March, according to the latest statistics from the Investment Company Institute. During the week ended March 27, investors steered an estimated $9.12 billion into mutual funds, down 26% from the $12.38 billion they poured into the funds a week earlier.
Equity funds drew the greatest inflows, taking in an estimated $3.81 billion for the week. Of the $3.81 billion, $2.85 billion went to global equity funds with the remaining $958 million going to U.S. funds.
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