Long-term mutual funds chalked up another week of net inflows, lengthening their winning streak to 41. ICI
show that for the week ended December 23, total estimated inflows to long-term funds were $12.25 billion.
The numbers were picked up by The Wall Street Journal's John Kell for the final
Fund Track column
Singing a more positive tune this week were equity inflows, which rose from last week's $226 million to $3.1 billion for the week ending December 23. Driving the gains were U.S. equity inflows which reversed the previous week's downward trend and rose to $801 million. Foreign funds accounted for $2.3 billion of inflows this week.
Hybrid funds saw inflows of $1.01 billion, down slightly from $1.03 billion the week before.
Bond funds -- which in general, have seen strong inflows throughout 2009 -- had inflows of $8.15 billion this week, slightly off the previous week's inflows of $9.75 billion. Of the $8.15 billion gain, taxable funds added $7.12 billion, while municipal bond funds contributed $1.03 billion in inflows.
According to the Journal, the total estimated inflow streak as of December 23 2009 is roughly $413 billion.
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