Investors pulled $2.34 billion from stocks funds for the week ending Oct. 27, more than reversing the $2.07 billion of new investments they made the previous week, the Investment Company Institute said Wednesday.
Domestic equity funds saw $2.91 billion walk out the door, and this was only partially offset by the $569 million of new money added to foreign stock funds.
Hybrid funds, which can invest in stocks and bonds, took in $356 million for the week, on top of the $1.01 billion added the previous week.
Investors added $5.31 billion to bond funds, down from $6.48 billion the previous week. The bulk of new money, or $4.76 million, went into taxable bond funds, while $545 million went into municipal bond funds.
Flow estimates are derived from data collected covering more than 95% of industry assets and are adjusted to represent industry totals.
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