Investors have stepped up their flight from mutual funds that invest in stocks.
The outflow hit $7.5 billion in the week ending September 26. That’s up more than 50% from the $5.1 billion taken out by investors the prior week, according to the Investment Company Institute.
Domestic stock funds lost $5.1 billion, up from $2.4 billion.
Bond funds continue to more than make up for the flight – but barely. They took in $8.3 billion in the week ended September 26, up from $8.0 billion the prior week.
Hybrid bond funds, though, lost $377 million, leaving total estimated inflows to long-term mutual funds at $448 million for the week.