After two weeks of devastating outlfows, especially in domestic equities, mutual funds seem to have finally recovered their groove somewhat.
According to Investment Company Institute data, the industry saw $4.09 billion in total estimated inflows after two consecutive weeks of outflows — $5.57 billion the week ended Nov. 20, and $2.99 billion the week ended Nov. 14.
Numbers were boosted by hybrid funds, which recovered from two weeks of outflows of about $1.2 billion each with inflows of $143 million last week, and better, but still not positive, flows from equity funds. Equity again saw outflows, though only $496 million compared with $8.8 billion the week ended Nov. 20.
Bond funds stayed positive, continuing to produce consistently inflows, but are on a steady decline. The category scored just under $4.438 billion last week, compared with its most recent peak at $7.47 billion the week ended Nov. 7, and $4.443 billion the week ended Nov. 20.
