Long-term mutual funds drew in a net $6.8 billion between Thursday, October 8, and Wednesday, October 14, the latest research
from the ICI
shows. The net inflow figure represents the 31st time in a row funds have posted a positive weekly flow.
Yet domestic equity funds saw outflows of $5.3 billion, while foreign equity funds added $1.9 billion, bringing the total equity fund outflow figure to $3.4 billion.
Bonds carried mutual funds on their figurative backs, leading the way with $8.8 billion in inflows last week. Taxable bonds made up $8.4 billion of the inflows, and municipal bonds represented $0.4 billion. Hybrid funds brought in $1.4 billion.
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