Flows to long-term stock and bond funds were $6.61 billion in the week ended July 15, the Investment Company Institute said.
Whereas equity funds saw inflows of $3.15 billion in the previous week, they lost $937 million in the period, with outflows of $1.98 billion from U.S. equity funds and inflows of $1.04 billion into international equity funds.
Hybrid funds took in $22 million, following inflows of $333 million the previous week.
Bond funds were the big winners, taking in $7.52 billion on the heels of $5.20 billion the previous week. In this category, taxable bond funds had inflows of $6.60 billion and municipal bond funds took in $1.46 billion.
Money market funds lost $21.13 billion, ending the week at $3.647 trillion. Retail funds fell by $5.75 billion to $1.212 trillion. Taxable retail fund assets fell by $2.91 billion, and tax-exempt assets fell by $2.84 billion. Institutional money market fund investors took a net $15.38 billion from the funds, which ended with $2.435 trillion in assets. Among institutional funds, taxable assets fell by $12.97 billion to $2.250 trillion, and tax-exempt funds fell by $2.41 billion to $184.73 billion.