Bond Funds Continue Losing Streak

Inflows to long-term mutual funds were $1.28 billion for the eight-day period ending Wednesday, July 10, according to the Investment Company Institute.

Equity funds had estimated inflows of $7.60 billion for the week, compared to estimated inflows of $246 million in the previous week. Domestic equity funds had estimated inflows of $4.55 billion, while estimated inflows to world equity funds were $3.05 billion.

Hybrid funds also had estimated inflows of $1.79 billion for the week, compared to estimated inflows of $861 million in the previous week.

But bond funds’ woes continued losing $8.10 billion, compared to estimated outflows of $5.98 billion during the previous week.

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