Long-term mutual funds took in $7.11 billion in the week ended Dec. 2, marking the 38th straight week of sales, which now total $384 billion for the period, the Investment Company Institute said.
Investors took $2.27 billion out of stock funds, up from the $1.34 billion they redeemed the week before. U.S. equity funds lost $3.26 billion, while foreign funds gained $991 billion.
Bond funds added $9.59 billion, up from the $8.22 billion they reaped the previous week. Hybrid funds lost $213 billion after taking in $472 million the previous week.
And money market funds took in $13 billion, according to iMoneyNet, bringing assets in money market funds to a total of $3.288 trillion.