Assets Continue to Flow into Bond Funds
November 15, 2012
Bond funds had estimated inflows of $7.50 billion, compared to estimated inflows of $2.59 billion for the week ended Wednesday, November 7, according to data from the Investment Company Institute.
Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $553 million for the week, compared to estimated outflows of $673 million in the previous week.
And equity funds continue o bleed assets losing $1.82 billion for the week, compared to estimated outflows of $2.49 billion in the previous week. Domestic equity funds had estimated outflows of $2.12 billion, while estimated inflows from world equity funds were $300 million.
All told, total estimated inflows to long-term mutual funds were $6.24 billion.