Long-term mutual funds enjoyed $8.45 billion of inflows in the week ended Sept. 2, the Investment Company Institute said. It was the 25th straight week of inflows, bringing the total net sales to $259 billion.
Investors fled equity funds, however; stock funds saw outflows of $4.16 billion, with U.S. equity funds losing $3.15 billion and foreign equity funds giving up $1.01 billion.
Bond funds saw total inflows of $12.06 billion, with taxable bond funds taking in $9.67 billion and municipals $2.39 billion.
Money market funds continued to see outflows, with $3.3 billion leaving in the latest week, bringing the total down to $3.501 trillion, according to iMoneyNet.