Equity Funds Bleed $4.6 Billion in Latest Week

Total inflows to long-term mutual funds were $836 million for the week ended Nov. 9, according to the Investment Company Institute.

Investors pulled $4.64 billion out of equity funds for the week, compared to outflows of $3.28 billion the previous week. Domestic equity funds were hit with outflows of $3.70 billion, and foreign equity funds took a $948 million hit.

Hybrid funds netted $1.27 billion, compared to inflows of $2.32 billion the previous week.

Investors poured $4.21 billion into bond funds, up from $3.07 billion invested the previous week. Taxable bond funds saw inflows of $3.20 billion, while municipal bond funds netted $1.01 billion.

-- This article first appeared on Money Management Executive.

 

 

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