Long-term mutual funds were hit with -$10.381 billion in redemptions the week ended July 27, the Investment Company Institute said. This came on the heels of -$4.58 billion in redemptions the previous week.

Equity funds saw -$10.094 billion in redemptions, -$8.758 billion from domestic stock funds and -$1.336 billion from international stock funds. Equity funds had outflows of -$6.84 billion the previous week.

Hybrid funds had outflows of -$73 million for the week, compared with outflows of -$105 million the previous week.

Investors redeemed -$214 million from bond funds, reversing the $2.36 billion of inflows the previous weke. Taxable bond funds saw outflows of -$67 million, while municipal bond funds had outflows of -$147 milion.


Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access