Funds Take in $7.33 Billion in Latest Week

Investors continued to pour money into long-term mutual funds for the 37^th week in a row, adding an additional $7.33 billion in the week ended Nov. 24, according to the Investment Company Institute. That brings total sales for the period to $377 billion.

Stock funds experienced outflows of $1.36 billion after taking in $606 million the prior week. U.S. equity funds lost $2.35 billion, whereas foreign stock funds reaped $994 million.

Bond funds netted $8.22 billion, down from the $10.12 billion they received the previous week. Taxable funds received $7.17 billion in inflows, and municipals got $1.05 billion.

Investors put $472 million into hybrid funds, up from the $426 million they invested in the funds the week before.

Money market funds lost another $23.98 billion in the latest week, according to iMoneyNet. The seven-day yield on taxable money market funds is a mere three basis points, a record low.