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.

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