For the week ended Jan. 23, stock mutual took in an estimated $6.35 billion in inflows, down 31% from the $9.20 billion they took in a week earlier. Still, the inflow is almost twice as large as last year’s record $3.52 billion inflow in early February.
Of the $6.35 billion that flowed into equity funds, $3.49 billion went to U.S. funds with global funds taking the remaining $2.86 billion.
Bond funds, too, saw smaller inflows, attracting an estimated $8.03 billion, down 24% from $10.60 billion the week before. Most of the $8.03 billion inflow went to taxable bond funds, which captured $6.62 billion.
Hybrid funds, which invest in both stocks and fixed income securities, took in $1.94 billion in estimated inflows, down 9% from the previous week.
All told, mutual funds drew an estimated $16.32 billion, a 25% drop from the previous week’s $21.92 billion inflow.
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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