Long-term mutual funds experienced net inflows for the 11th straight week, the Investment Company Institute said, reaping $7.85 billion for the week ended May 27.
Equity funds accounted for $1.58 billion of those flows, more than double the $768 million they took in during the previous week. U.S. stock funds took in $953 million, and foreign stock funds reaped $629 million.
Investors withdrew $6.02 billion from bond funds, less than the $8.41 billion they took out in the previous week.
Money market funds were hit with $21.48 billion in outflows.