Equity mutual funds experienced outflows of $1.23 billion in July, while taxable and municipal bond funds saw a combined $9.33 billion in net flows, according to the Investment Company Institute.
While domestic equity funds had a positive cash flow of $2.40 billion in July, world equity funds lost $3.63 billion, accounting for the net outflow, according to the ICI. Of the more than $9 billion that investors put into bond funds, nearly $7 billion went into taxable bond funds.
Money-market funds rebounded in July, gaining $11.97 billion in net flows, after losing $24.38 billion in June. That brings year-to-date flows to $46.41 billion into money-market funds, compared to $186.85 billion at this time last year.