Total estimated inflows to long-term mutual funds were $3.66 billion for the week ended Wednesday, April 17, according to the Investment Company Institute.
Equity funds picked up steam from the previous week and had estimated inflows of $2.39 billion for the week, compared to estimated inflows of $1.54 billion in the previous week. Domestic equity funds had estimated inflows of $1.75 billion, while estimated inflows to world equity funds were $645 million.
Bond fund inflows dipped a bit to $1.51 billion, compared to estimated inflows of $1.71 billion during the previous week. Taxable bond funds saw estimated inflows of $2.21 billion, while municipal bond funds had estimated outflows of $698 million.
But hybrid funds experienced outflows of $246 million for the week, compared to estimated inflows of $1.37 billion in the previous week.