Investors yanked $28.54 billion from long-term mutual funds were $28.54 billion for the week ended Wednesday, June 26, according to theInvestment Company Institute.
Bond funds had estimated outflows of $28.12 billion, compared to estimated outflows of $7.97 billion during the previous week. Taxable bond funds saw estimated outflows of $20.45 billion, while municipal bond funds had estimated outflows of $7.68 billion.
Hybrid funds, which can invest in stocks and fixed income securities, had estimated outflows of $591 million for the week, compared to estimated inflows of $679 million in the previous week.
Equity funds had estimated inflows of $169 million for the week, compared to estimated inflows of $1.98 billion in the previous week. Domestic equity funds had estimated outflows of $962 million, while estimated inflows to world equity funds were $1.13 billion.
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