Mutual Funds Take in $11.05 Billion

Mutual funds took in $11.05 billion for the week ended July 22, up sharply from the $6.6 billion they netted the previous week, the Investment Company Institute said. The inflows were the highest since the week ended June 17, when long-term mutual funds took in $11.1 billion.

The bulk of the flows went to bond funds, which took in $8.17 billion, up from $7.51 billion the previous week. Equity funds took in $2.29 billion, whereas they lost $921 million the previous week. Hybrid funds took in $592 million, up from $23 million the previous week.

It was the 19th straight week that long-term funds had inflows. In the nearly five-month period, funds have taken in a total of $185 billion.

Money market funds saw outflows of $9.02 billion, according to iMoneyNet.

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