Long-Term Funds Take in $5.86B

Long-term mutual funds took in $5.86 billion in the week ended March 30, the Investment Company Institute said.

Equity funds took in $1.25 billion in the week, compared to outflows of $1.45 billion the previous week. Investors poured $345 million into domestic equity funds and $903 million into foreign equity funds.

Hybrid funds had inflows of $1.53 billion, up from the $1.24 billion they took in the previous week.

Bond funds saw inflows of $3.09 billion, up considerably from the $2.33 billion they netted the previous week. Taxable bond funds had inflows of $3.55 billion, while municipal bond funds had outflows of $465 million.

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