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 The $481 million in estimated outflows, a fraction of the $7.5 billion withdrawn a week earlier, is the smallest weekly outflow since mid-July, when the funds posted a $95 million inflow.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 weeks $5.57 billion outflow, the years 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.
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