Long-term mutual funds took in $12.25 billion in the week ended Dec. 23, bringing the sales streak to 41 weeks and a total of $413 billion, according to the Investment Company Institute.
The best-selling category, once again, was bond funds, which took in $8.15 billion, down from $9.75 billion the week before. Taxable funds received $7.12 billion of these contributions, and municipals got $1.03 billion.
Equity funds reaped $3.1 billion, up sizably from the $226 million they took in the week before. Continuing a trend for 2009, foreign stock funds received $2.3 billion, and U.S. stock funds received $801 million.
Hybrid fund flows remained steady, adding $1.01 billion, on par with the $1.03 billion they took in the week before.
Money market funds took in $22.18 billion, reversing a trend of the past number of weeks where investors were taking money out of money market funds and putting it into bond funds.