Long-term mutual funds netted $3.256 billion in the week ended Sept. 29, the Investment Company Institute said.
Equity funds lots $3.022 billion, with $4.215 billion of that coming out of domestic stock funds and $1.127 billion moving into international stock funds. Hybrid funds took in $858 million.
Bond funds continued to be a best-seller, taking in a total of $5.421 billion. That was split between $4.806 billion going into taxable bond funds and $615 million into municipal funds.
Over the past 20 months, bond funds have taken in more than $600 billion, while equity funds have lost $20 billion, according to Janney Montgomery Scott.
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