Long-term mutual funds posted inflows of $22.04 billion for the week ended Wednesday, January 16, according to the Investment Company Institute.
Equity funds continued its hot streak gathering $9.32 billion for the week, compared to estimated inflows of $14.33 billion in the previous week. Domestic equity funds had estimated inflows of $5.05 billion, while estimated inflows to world equity funds were $4.27 billion.
Bond funds also had estimated inflows of $10.60 billion, compared to estimated inflows of $9.42 billion during the previous week. Taxable bond funds saw estimated inflows of $8.36 billion, while municipal bond funds had estimated inflows of $2.24 billion.
And hybrid funds had estimated inflows of $2.12 billion for the week, compared to estimated inflows of $2.80 billion in the previous week.
