Long-Term Funds Reap $10.37 Billion

Long-term stock and bond mutual funds took in $10.37 billion in the week ended Aug. 26, marking the 24th straight week of inflows totaling $250 billion, the Investment Company Institute reported.

The lion’s share of the flows went to bond funds, which took in $9.8 billion, whereas stock funds took in a mere $29 million.

Among stock funds, flows to domestic and international funds were skewed, with $1.4 billion going into foreign stock funds and $1.36 billion leaving U.S. stock funds.

In the bond fund category, taxable bond funds had $7.6 billion in inflows and municipals had $2.3 billion.

Money funds lost $28.93 billion in the latest week, according to iMoneyNet.  

For reprint and licensing requests for this article, click here.
Mutual funds Money Management Executive
MORE FROM FINANCIAL PLANNING