Investors pumped $9.12 billion into long-term mutual funds for the week ended Wednesday, March 27, according to the Investment Company Institute.
Equity funds had estimated inflows of $3.81 billion for the week, compared to estimated inflows of $5.03 billion in the previous week. Domestic equity funds had estimated inflows of $958 million, while estimated inflows to world equity funds were $2.85 billion.
Hybrid funds also experienced inflows to the tune of $1.82 billion for the week, compared to estimated inflows of $1.41 billion in the previous week. And bond funds continued their winning streak pulling in $3.49 billion, compared to estimated inflows of $5.95 billion during the previous week.
