Investors charged back into mutual funds with a vengeance in early February. According to statistics released today by the Investment Company Institute, investors poured an estimated $13.17 billion into equity, bond and hybrid mutual funds during the week ended Wednesday, Feb. 8. That’s 65% more than the $7.96 billion mutual funds posted in fresh inflows the week before and the largest weekly inflow this year.
Bond funds received the biggest infusion, receiving an estimated $7.05 billion. Of that, $5.31 billion went to taxable bond funds with the remaining $1.74 billion going to municipal bond funds.