Mutual funds took in net sales for the 40th week in a row, bringing the sales streak to a full 10 months totaling $400 billion, according to the
For the week ended Dec. 16, long-term mutual funds took in $11.33 billion. Of that, $289 million went to stock funds, down from the $546 million they took in the week before. Investors pulled $1.17 billion from U.S. stock funds and added $1.46 billion to foreign stock funds.
Bond funds reaped $10.01 billion, compared with the $4.15 billion they took in the previous week. Taxable funds had inflows of $8.94 billion, and municipal funds added $1.07 billion.
Hybrid funds saw inflows of $1.03 billion after inflows of $556 million the previous week. Money market fund assets rose $2.59 billion to a total of $3.272 trillion. Retail money market fund assets fell $1.91 billion, and institutional money market fund assets rose $4.49 billion.
