Investors withdrew $8.48 billion from long-term funds in the week ended Dec. 15, the Investment Company Institute said Wednesday. The lion’s share of those withdrawals came from bond funds, which lost $8.62 billion. The week earlier, bond funds had outflows of $1.66 billion.
In the latest week, taxable bond funds saw outflows of $3.77 billion, and municipal bond funds saw outflows of $4.85 billion.
Equity funds had outflows of $161 million, down from the $901 million investors withdrew in the previous week. Foreign equity funds continued to attract money, taking in $2.24 billion in the latest week, and domestic equity funds had outflows of $2.4 billion.
Hybrid funds had inflows of $305 million, in contrast to the $214 million in outflows the previous week.