Fund Sales Near $370 Billion, ICI Reports
November 25, 2009
Long-term mutual funds took in $11.73 billion in the week ended Nov. 18, the Investment Company Institute said, marking the 36th straight week of inflows, which now total $369 billion.
The tally for equity funds in the week was $963 million, compared to outflows of $1.25 billion the previous week. The dichotomy between domestic and foreign stock funds continued, with U.S. stock funds seeing $1.28 billion walk out the door and foreign stock funds netting $2.24 billion.
Bond funds had inflows of $10.13 billion, up from the $8.88 billion they received the previous week. Hybrid funds netted $639 million, down from the $782 million they took in the previous week.
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