Funds Take in $3.194 Billion in Latest Week

Long-term mutual funds took in $3.14 billion in the week ended Nov. 4, marking the 34^th straight week of inflows, which now total $349 billion, according to the Investment Company Institute.

Outflows from equity funds surged to $4.7 billion, up from the $840 million investors pulled out of equity funds the previous week. The split between U.S. and foreign funds continued, with U.S. stock funds losing $5.25 billion of assets, while foreign stock funds took in $546 million.

Outflows from hybrid funds totaled $358 million, surpassing the $239 million in outflows from hybrid funds the previous week.

Inflows to bond funds slowed to $7.49 billion for the week ended Nov. 4, down from $10.19 billion of inflows the previous week.

And investors removed an additional $13.13 billion from money market funds, according to iMoneyNet, leaving assets at a total of $3.3 trillion.