Long-term stock and bond mutual funds took in $11.41 billion in the week ended Oct. 7, marking the 30th straight week of inflows, which now total $316 billion, the Investment Company Institute said.
Investors withdrew $4.37 billion from stock funds, however, with $4.95 billion coming out of U.S. stock funds and $583 million going into foreign stock funds.
Bond funds took in $15.21 billion, up sharply from the $9.03 billion they took in the previous week. Investors placed $12.48 billion into taxable funds in the week ended Oct. 7 and $2.73 billion into municipal funds. Hybrid funds saw $564 million in inflows.
Money market funds experienced $22.48 billion in outflows, leaving a total of $3.38 trillion, according to iMoneyNet.