Investors piled back into mutual funds after a severe market pullback in early June, according to the latest statistics from the Investment Company Institute. For the week ended June 13, investors placed an estimated $5.46 billion into virtually all categories of mutual funds, more than compensating for the previous week’s $1.55 billion outflow.
Bond funds attracted the lion’s share, raking in $3.60 billion for the week, more than double the $1.58 billion inflow a week earlier. Of the $3.60 billion, $2.99 billion went to taxable bond funds with the remaining $604 million going to municipal bond funds.
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