Long-term mutual funds netted $4.94 billion in the week ended Sept. 30, marking the 29th straight week of inflows now nearing $305 billion, the Investment Company Institute said.
Stock funds lost $4.16 billion, however, on top of outflows of $1.87 billion the previous week. Both U.S. and foreign stock funds lost assets, $3.81 billion and $347 million, respectively.
But investors placed an additional $9.05 billion into bond funds, less than the $12.86 billion they invested the previous week. Hybrid funds took in $48 million, far less than the $4.99 billion the previous week.
And investors withdrew $17.4 billion from money market funds, according to iMoneyNet, leaving a balance of $3.402 trillion.