Long-Term Funds Take in $3.22 Billion

Long-term funds took in $3.22 billion in the week ended March 2, the Investment Company Institute said.

Equity funds had outflows of $2.04 billion, compared to inflows of $2.53 billion the previous week. Both domestic and foreign equity funds were hit with outflows, with $3.13 billion leaving domestic equity funds and $1.09 billion leaving foreign stock funds.

Hybrid funds took in $1.20 billion, down slightly from the $1.49 billion they took in the previous week.

Investors placed $4.07 billion into bond funds, up from the $3.87 billion they took in the previous week. Taxable bond funds saw inflows of $4.78 billion, and municipal bond funds had outflows of $711 million.

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