Long-term mutual funds took in $12.75 billion in the week ended March 3, marking the 51st straight week for inflows, which now total $500 billion, according to the Investment Company Institute.
Stock funds saw inflows of $1.77 billion, down slightly from $1.98 billion the previous week. Of that, U.S. stock funds took in $1.54 billion, and foreign funds, $3.31 billion.
Bond fund sales totaled $10.08 in the latest week, up from $7.85 billion in the previous week. The flows were split with $8.73 billion going to taxable bond funds and $1.34 billion to municipals.
Hybrid funds took in an additional $905 million, down from $1.14 billion the previous week, and $31.54 billion worth of money market fund assets walked out the door.
