Mutual funds continued their inflow streak yet again the week ended Feb. 27, but domestic equity funds saw their first outflows since the week ended Dec. 31, 2012.
Estimated flows for the week totaled $8.4 billion, according to Investment Company Institutedata. Flows across all categories remained similar to those of the week ended Feb. 20 save for equity funds.
Equity fund inflows totaled $1.1 billion for the week, compared to $4.6 billion the prior week, buoyed by inflows of $2.2 billion in world equity funds. Meanwhile, domestic equity funds saw $1.1 billion in redemptions down from $1.1 billion.
Hybrid funds saw estimated inflows of $2.4 billion, up slightly from $2 billion the week prior.
Bond funds saw estimated inflows of $5 billion, compared with $4.7 the previous week. Taxable bond funds saw estimated inflows of $4.4 billion, while municipal bond funds enjoyed inflows of $579 million.
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