Long-term mutual funds had inflows of $7.38 billion in the week ended May 18, the Investment Company Institute said.
Equity funds had $25 million in outflows, compared to $942 million the previous week. The bulk of those outflows in the week ended May 18 were from domestic equity funds, which lost $1.5 billion to redemptions. Foreign stock funds, on the other hand, took in $1.48 billion.
Hybrid funds had outflows of $892 million, a reversal of the $792 million in inflows the previous week.
Bond funds had inflows of $6.51 billion, up sharply from the $3.83 billion they took in the previous week. Taxable bond funds saw inflows of $6.45 billion, while municipal bond funds had inflows of $63 million.
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