Investors continued to plow money into long-term mutual funds, investing $6.8 billion in the week ended Oct. 14, the Investment Company Institute said.
The past 31 straight weeks, or nearly eight months, of inflows since the market’s bottom on March 9 now total $323 billion.
The buying pattern of the past number of weeks continued, with U.S. stock funds losing $5.28 billion and foreign stock funds taking in $1.89 billion.
Bond funds netted $8.8 billion, down from the $15.21 billion they took in the previous week. Hybrid funds saw $1.38 billion of inflows, up from the $564 million they took in the previous week.
Investors withdrew $40.74 billion from money market funds, iMoneyNet said, leaving a total of $3.339 trillion in the funds.