Long-term mutual funds continued to attract assets, netting $406 million in the week ended Feb. 10, brining the past 48 weeks of sales to a total of $471 billion, the Investment Company Institute said.

Stock funds lost $5.6 billion of assets, far more than the $1.48 billion they lost the previous week. U.S. equities had outflows of $5.16 billion, and foreign stock funds, $447 million.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.