Total estimated outflows from long-term mutual funds were $488 million for the week ended Wednesday, October 31, according to data from the Investment Company Institute.
Equity funds had estimated outflows of $2.43 billion for the week, compared to estimated outflows of $2.47 billion in the previous week.
Hybrid funds also had estimated outflows of $672 million for the week and bond funds had estimated inflows of $2.62 billion, compared to estimated inflows of $6.61 billion during the previous week.
All Financial Planning articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.