Long-term equity and bond funds took in $7.25 billion in the week ended Sept. 9, marking the 26th straight week of inflows, now totaling $266 billion, the Investment Company Institute said.
Investors poured $1.33 billion into stock funds, after having withdrawn $4.35 billion the previous week. However, $1.79 billion left U.S. stock funds, while $462 million went into foreign stock funds. Bond funds continued to be popular among investors, with net inflows of $8.21 billion, down from $12.06 billion in sales the previous week. Within this category, $6.27 billion moved into taxable bond funds and $1.95 billion into municipals.
Another $55.23 billion left money market funds, bringing total assets down to $3.446 trillion, according to iMoneyNet.