Investors redeemed $11.53 billion from mutual funds for the week ended Wednesday, June 5, according to the Investment Company Institute.
Bond funds saw outflows of $10.93 billion, compared to estimated inflows of $1.36 billion during the previous week. Taxable bond funds saw estimated outflows of $8.68 billion, while municipal bond funds had estimated outflows of $2.26 billion.
Equity funds had estimated outflows of $942 million for the week, compared to estimated outflows of $1.0 billion in the previous week. Domestic equity funds had estimated outflows of $2.52 billion, while estimated inflows to world equity funds were $1.58 billion.
Hybrid funds had estimated inflows of $347 million for the week, compared to estimated inflows of $1.13 billion in the previous week.
