Investors were far more generous with equity funds, sending an estimated $3.86 billion their way. †Of the $3.86 billion, $3.01 billion went to global equity funds with the remaining $849 million going to U.S. funds.
Hybrid funds, which invest in both stocks and fixed income securities, drew an estimated $2.07 billion, down 17% from $2.50 billion the week before.
All told, mutual funds posted a lackluster week, drawing an estimated $7.57 billion, the smallest weekly inflow so far this year.
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.