The year is ending on an upnote for domestic equity funds.
The Investment Company Institute reported Wednesday that investors put $335 million more into domestic equity funds, than they took out.
That was the first uptick in domestic equity funds in any week of November or December.Since April 30, $89.0 billion all told has been taken out of domestic equity funds. The trigger: the May 6 Flash Crash, seized upon by mainstream investors already lacking confidence in capital markets after the credit crisis of 2008 and 2009.
Total estimated inflows to long-term mutual funds were $1.18 billion for the period December 16 through December 21, the ICI reported. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals. Equity funds had estimated inflows of $3.94 billion for the week, bond funds outflows of $4.37 billion and hybrid funds inflows of $1.6 billion.
