Interest in mutual funds edged up across virtually all fund categories in early March, according to the latest statistics from the Investment Company Institute. For the week ended March 6, investors steered an estimated $11.85 billion into mutual funds, up 41% from the previous week.
Bonds funds were the biggest beneficiaries, drawing $6.42 billion in estimated inflows, a 29% percent increase from $4.97 billion the week before. Of the $6.42 billion, $6.06 billion went to taxable bond funds with the remaining $361 million going to municipal bond funds.
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