Redemptions Rattle Domestic Equity Funds
Estimated flows for the week totaled $8.4 billion, according to Investment Company Institutedata. Flows across all categories remained similar to those of the week ended Feb. 20 save for equity funds.
Equity fund inflows totaled $1.1 billion for the week, compared to $4.6 billion the prior week, buoyed by inflows of $2.2 billion in world equity funds. Meanwhile, domestic equity funds saw $1.1 billion in redemptions down from $1.1 billion.
Hybrid funds saw estimated inflows of $2.4 billion, up slightly from $2 billion the week prior.
Bond funds saw estimated inflows of $5 billion, compared with $4.7 the previous week. Taxable bond funds saw estimated inflows of $4.4 billion, while municipal bond funds enjoyed inflows of $579 million.
