Inflows to U.S. Funds Slip Further

Interest in U.S. mutual funds slipped further in early February, according to the latest statistics from the Investment Company Institute. For the week ended Feb. 13, investors steered a meager $509 million into funds that invest long-term in U.S. stocks, down 37% from the $813 million they placed into the funds a week earlier.

Global equity funds, meanwhile, took in an estimated $5.21 billion, about the same as the week before.

Hybrid funds, which invest in both stocks and fixed income securities, were also flat, drawing an estimated $2.03 billion.

Bonds funds saw a drop in inflows. For the week ended Feb. 13, bond funds drew an estimated $4.94 billion, down 18% from $6.03 billion the previous week. Of the $4.94 billion, $4.10 billion went to taxable bond funds with the remaining $840 million going to municipal bond funds.

All told, mutual funds attracted a lackluster $12.69 billion in estimated inflows, a 9.6% drop from $14.05 billion the week before.

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.

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