Long-Term Funds take in $4.9 Billion

Long-term mutual funds took in $4.9 billion in the week ended April 13, the Investment Company Institute said.

Equity funds had inflows of $834 million for the week, considerably less than the $2.14 billion they netted the previous week. Investors placed $495 million into domestic equity funds and $340 million into foreign equity funds.

Hybrid funds had inflows of $1.66 billion, up from the $1.24 billion they netted the previous week.

Bond funds took in $2.41 billion, down from the $5.21 billion the previous week. Taxable bond funds saw inflows of $3.59 billion, and municipal bond funds saw outflows of $1.17 billion.

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