Long-term mutual funds took in $1.4 billion in the week ended Nov. 22, according to the Investment Company Institute.

However, investors continued to pull their money out of equity funds, with $3.72 billion leaving domestic equity funds and another $23 billion exiting international equity funds. This compares to $1.26 billion in outflows from equity funds the previous week.

Outflows from hybrid funds slowed to $1.42 billion for the week, down from the $4.59 billion that was redeemed from hybrid funds the previous week.

Investors’ love affair with bond funds continued, with the category taking in $6.57 billion in the week ended Nov. 22. The bulk of those inflows, $6.24 billion, went to taxable bond funds, with the balance of $333 million being invested in municipal bond funds. In the previous week, bond funds netted $6.47 billion.

-- This article first appeared on Money Management Executive.



Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access