Long-term mutual funds ended the week of Jan. 20 with net inflows of $13.18 billion, according to the Investment Company Institute. This brings the sales streak to 45 straight weeks totaling $454 billion.
Stock funds had inflows of $3.95 billion, with U.S. stock funds taking in $1.27 billion and foreign funds adding $2.68. Total inflows to stock funds were higher the previous week, totaling $5.77 billion.
Investors placed $7.96 billion into bond funds in the latest week, essentially in line with the $7.36 billion they invested the previous week. Taxable funds added $6.73, and municipals, $1.23 billion. Hybrid funds saw inflows of $1.27 billion, also in line with the $1.21 billion they saw come in the door the previous week. Money market fund assets fell $13.75 billion to a total of $3.191 trillion, according to iMoneyNet.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access