Long-term mutual funds pulled in a net $9.52 billion of new money in the week ended Oct. 20, the Investment Company Institute said Wednesday.
Investors added $6.48 billion to bond funds, net of redemptions, up from $5.72 billion during the previous week. Taxable bond funds took in $5.85 billion, while municipal bond funds took in $631 million.
New money flowing into equity funds reached $2.02 billion into equity funds during the week. That was more than doulbe the $762 million the previous week. But all of the money went to foreign stock funds, which took in a net $2.2 billion, while domestic stock funds saw $202 million walk out the door.
Hybrid funds, which can invest in stocks and bonds, took in a net $1.01 billion for the week, but that was down from $1.46 billion the previous week.
Flow estimates are derived from data collected covering more than 95% of industry assets and are adjusted to represent industry totals.
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