For the first time in three weeks, the mutual fund industry suffered net long-term outflows last week.

Today the Investment Company Institute (ICI) team reports that an estimated $4.61 billion net flowed out of long-term mutual funds and ETFs for the week ended August 6. (Money market fund flows are not included.) That's a $24.07-billion net flows drop week-over-week, from the week ended on July 30.

Long-term, traditional, open-end mutual funds suffered an estimated $16.359 billion in net outflows for the week ended August, according to the ICI folks, up by $1.604 billion W/W. Meanwhile, ETFs brought in an estimated $11.746 billion in net inflows last week, down by $22.466 billion W/W.

Bond funds and ETFs were the main winners last week. Per ICI's data, $14.222 net flowed into bond funds in the week ended August 6, down by $1.615 billion W/W. $13.057 billion of that (down by $1.101 billion W/W) went into taxable bond funds, while $1.166 billion (down by $514 million W/W) went into municipal bond funds.

On the flip side, stock funds dominated outflows last week. An estimated $17.589 billion net flowed out of equity mutual funds and ETFs in the week ended August 6, a $21.246-billion net flows drop W/W. More specifically, $18.771 billion net flowed out of domestic equity funds (a $20.388-billion net flows drop W/W) while $1.182 billion net flowed into world equity funds (down by $858 million W/W).

Hybrid funds and ETFs suffered an estimated $1.088 billion in net outflows for the week ended August 6. That's up by $671 million W/W.

Commodity funds and ETFs suffered an estimated $158 million in net outflows for the week ended August 6. That's a $538-million net flows drop W/W. 

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