Investors withdrew -$772 million from long-term mutual funds in the week ended Aug. 17, the Investment Company Institute reported. This was a 360-degree turn from the -$40 billion in redemptions the previous week—and a full $62 billion in withdrawals in four weeks prior.
Equity funds had outflows of -$1.48 billion for the week, compared to -$20.1 billion in outflows in the week ended Aug. 10. Investors withdrew -$1.13 billion from domestic equity funds and -$345 million from foreign equity funds.
Hybrid funds saw inflows of $874 million for the week, after having lost -$5.9 billion the week ended Aug. 10.
Investors took -$3.12 billion out of bond funds, down slightly from -$4.35 billion in outflows the previous week. Taxable bond funds saw outflows of -$2.74 billion, and municipal bond funds were hit with outflows of -$387 million.