Flows to mutual funds worldwide were $150 billion in the third quarter of 2010, bringing total assets to $23.70 trillion, the Investment Company Institute said Thursday. The flows more than reversed the $91 billion in outflows the previous quarter.
Flows to long-term funds rose to $194 billion, up fro $156 billion the previous quarter. Bond funds took in $165 billion, up from the $106 billion they gained in the second quarter. Equity funds were hit with $21 billion in outflows, after flat flows in the second quarter.