Investors steered $1.43 billion into stock mutual funds during the week ended Wednesday, Jan. 11, breaking a near nine-month spell of investor redemptions that totaled more than $172 billion, according to the latest statistics from the Investment Company Institute.
Investors placed $753 million of the $1.43 billion into U.S. equity funds, with the remaining $681 million going into foreign stock funds. That’s a big reversal from the previous week when investors withdrew $9.36 billion from stock mutual funds.
For the week, bond funds posted net inflows of $7.87 billion, more than twice the $3.30 billion they took in the week before. Of the $7.87 billion, $6.12 billion went to taxable bond funds and $1.74 billion to municipal bond funds.
Hybrid funds – those that invest in both stocks and fixed income securities – attracted $1.95 billion for the week, up from $454 million the week before.
All told, long-term mutual funds gained $11.25 billion, reversing three consecutive weeks of investor redemptions totaling $10.41 billion.
The weekly fund flow estimates are derived from data covering more than 95% of industry assets, according to ICI. The statistics cover long-term mutual funds, those the ICI defines as investing in long-term instruments.
Margarida Correia writes for Bank Investment Consultant.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access