Hurricane Sandy kicked up total estimated inflows to long-term mutual funds to $5.45 billion for the week ended Wednesday, October 24, according to the Investment Company Institute.
Bond funds took in $6.62 billion, compared to estimated inflows of $8.84 billion during the previous week.
Hybrid funds had estimated inflows of $1.32 billion for the week, compared to estimated inflows of $837 million in the previous week.
However, equity funds had estimated outflows of another $2.49 billion for the second week in a row. Domestic equity funds had estimated outflows of $1.87 billion, while estimated outflows from world equity funds were $620 million.