Long-term mutual funds reaped $2.83 billion in inflows in the week ended June 1, the Investment Company Institute said.

Equity funds had outflows of $587 million, considerably better than the $3.54 billion in outflows they were hit with the week before. Domestic equity funds had outflows of $1.09 billion, but foreign equity funds had $504 million in inflows.

Hybrid funds had inflows of $339 million, compared with $797 million of inflows the previous week.

Bond funds took in $3.08 billion, slightly less than the $3.94 billion of inflows they saw the previous week. Taxable bond funds had inflows of $3.06 billion, and municipal bond funds had inflows of $20 million.



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