Investors redeemed $6.57 billion from mutual funds for the week ended Wednesday, December 12, according to data from the Investment Company Institute.
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Equity funds amped up their losses to the tune of $8.48 billion for the week, compared to estimated outflows of $7.17 billion in the previous week. Domestic equity funds had estimated outflows of $7.23 billion, while estimated outflows from world equity funds were $1.25 billion.
Meanwhile, hybrid funds had estimated inflows of $119 million for the week, compared to estimated outflows of $70 million in the previous week.
Bond funds experienced weaker inflows of $1.79 billion, compared to estimated inflows of $5.22 billion during the previous week.
