Mutual funds experienced outflows of some $5.52 billion for the week ended Tuesday, November 20, according to the Investment Company Institute.
Equity funds continued to bleed assets losing some $8.82 billion for the week, compared to estimated outflows of $8.39 billion in the previous week. Domestic equity funds had estimated outflows of $7.51 billion, while estimated outflows from world equity funds were $1.31 billion.
Hybrid funds also had estimated outflows of $1.19 billion for the week, compared to estimated outflows of $1.22 billion in the previous week.
Investors continued to pour assets into bond funds – albeit at a slower clip. These funds experienced inflows of $4.5 billion, compared to estimated inflows of $6.62 billion during the previous week.