Long-term mutual funds had positive sales for the 49th straight week, taking in $5.68 billion in the week ended Feb. 17, according to the Investment Company Institute. This brings sales over the last 11 months to a total of $476 billion.
Inflows to stock funds in the latest week were $1.11 billion, reversing the $4.8 billion in outflows the previous week. U.S. equity funds took in $14 million, and foreign equity funds $1.09 billion.
Bond funds, a best-seller of the past several months, had $4.05 billion in inflows, down from $6.82 billion the previous week. Flows to taxable and municipal funds were $2.76 billion and $1.29 billion, respectively.
Hybrid funds received $522 million of new money, having lost $43 million the previous week, and money market funds took in an additional $4.44 billion.