Long-term mutual funds netted $8.34 billion in inflows in the week ended July 1, the Investment Company Institute said, marking the 16th straight week of inflows, which total $160 billion.

Outflows from stock funds slowed to $396 million from $607 million that investors took out from the funds in the previous week. Bond funds netted $8.41 billion in inflows, up sharply from the $4.34 billion they took in the previous week.

The flight to safety was also felt among money market funds, which saw $17.6 billion in inflows, reaching a total of $3.618 trillion, according to iMoneyNet.

 

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