Total inflows to long-term mutual funds were $836 million for the week ended Nov. 9, according to the Investment Company Institute.
Investors pulled $4.64 billion out of equity funds for the week, compared to outflows of $3.28 billion the previous week. Domestic equity funds were hit with outflows of $3.70 billion, and foreign equity funds took a $948 million hit.
Hybrid funds netted $1.27 billion, compared to inflows of $2.32 billion the previous week.
Investors poured $4.21 billion into bond funds, up from $3.07 billion invested the previous week. Taxable bond funds saw inflows of $3.20 billion, while municipal bond funds netted $1.01 billion.
-- This article first appeared on Money Management Executive.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access