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.