Equity funds experienced an outflow of $5.25 billion, in August, the
Of the equity outflows, international funds lost $5.5 billion and domestic funds lost $1.74 billion, according to the ICI. Although substantial, the equity outflows were less severe than preliminary figures from
Taxable bond mutual funds experienced significant inflows of $13.67 billion, after garnering $7 billion in July, raising year-to-date flows into that category above $50 billion.
Money market funds increased by $32.16 billion to $2.1 trillion in August. After an outflow of $1.17 billion in July, institutional money market funds saw an inflow of $18.57 billion. Retail money market funds, meanwhile, saw a drop in inflow from $13.21 billion in July to $8.36 billion last month.
