An estimated $9.2 billion flowed out of long-term mutual funds for the week ending Wednesday, Nov. 30, according to the latest statistics by the Investment Company Institute, a trade association for U.S. investment companies.

Long-term mutual funds are stock, bond and hybrid funds that invest in long-term instruments, said an ICI spokesperson. They do not include money market funds.

For the week ended Nov. 30, equity funds had estimated outflows of $9.6 billion, compared with estimated outflows of $3.7 billion the previous week. Domestic equity funds had estimated outflows of $6.7 billion, while estimated outflows from foreign equity funds were $3 billion.

Hybrid funds—those that invest in stocks and fixed income securities—had estimated outflows of $778 million for the week, compared with estimated outflows of $1.4 billion the week before.

Bond funds had estimated inflows of $1.2 billion, compared with estimated inflows of $6.5 billion the previous week. Taxable bond funds saw estimated inflows of $709 million, while municipal bond funds had estimated inflows of $449 million.

The weekly flow estimates are derived from data covering more than 95% of industry assets and are adjusted to represent industry totals, ICI said in a statement.

Margarida Correia writes for Bank Investment Consultant.

 

 

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

Don't have an account? Register for Free Unlimited Access