Mutual funds picked up $8.51 billion for the week ended Wednesday, May 15, according to theInvestment Company Institute.
Equity funds took in $2.38 billion for the week, compared to estimated inflows of $3.42 billion in the previous week. Domestic equity funds had estimated inflows of $121 million, while estimated inflows to world equity funds were $2.26 billion.
Hybrid funds had estimated inflows of $1.60 billion for the week, compared to estimated inflows of $1.55 billion in the previous week and bond funds inflows tapered off to $4.52 billion, compared to estimated inflows of $7.39 billion during the previous week. Taxable bond funds saw estimated inflows of $3.92 billion, while municipal bond funds had estimated inflows of $602 million.
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