Interest in mutual funds swooned to a new low this year, according to the latest statistics from the Investment Company Institute. During the week ended April 17, investors steered a paltry $3.66 billion into the funds, making it their most dismal week this year.
Equity funds captured the biggest inflows, taking in an estimated $2.39 billion for the week. Of the $2.39 billion, $1.75 billion went to U.S. funds with the remaining $645 million going to global funds.
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