Outflows from U.S. stock funds dwindled to a relatively tame $481 million the week ended Nov. 28, according to the latest statistics from the Investment Company Institute. The $481 million in estimated outflows, a fraction of the $7.5 billion withdrawn a week earlier, is the smallest weekly outflow since mid-July, when the funds posted a $95 million inflow.

Outflows from non-U.S. stock funds also slowed. Investors withdrew an estimated $15 million from the funds for the week ended Nov. 28, substantially less than the $1.31 billion they pulled the week before.

And hybrid funds, which invest in both stocks and fixed income securities, attracted $143 million in estimated inflows, reversing two consecutive weeks of outflows totaling more than $2.4 billion.

Bond funds took in $4.44 billion in estimated inflows, virtually unchanged from the previous week.  Of the $4.44 billion, $3.13 billion went to taxable bond funds with the remaining $1.31 billion going to municipal bond funds.

Overall, mutual funds pulled in $4.09 billion in estimated inflows, recovering from the previous week’s $5.57 billion outflow, the year’s largest.

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.

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

Don't have an account? Register for Free Unlimited Access