Fund Flow Movements Tepid
February 20, 2013
Valentine's Day may be the holiday of passions, but investors seemed mostly unstirred in a week of steady, but unremarkable mutual fund flows.
Estimated inflows to mutual funds totaled $12.7 billion for the week ended Feb. 13, slightly down from $14 billion the week ended Feb. 6, the Investment Company Institute reported yesterday.
Flows in most categories stayed mostly consistent, save for small stumbles in the categories of domestic equity funds and taxable bond funds.
Domestic equity fund flows fell somewhat to $509 million from $813 million. But flows for world equity funds rose to $5.21 billion from $5.19 billion, bringing total equity fund flows to $5.72 billion, down from $6 billion the week prior.
Meanwhile, taxable bond fund flows totaled $3.1 billion compared with $5.5 billion the week prior, still beating flows of the week ended Jan. 30 — $2.6 billion — but falling somewhat. Municipal bond fund flows, however, recovered their groove of the week ended Jan. 30, rising to $840 million, compared with $580 million the week ended Feb. 6 and $876 million the week ended Jan. 30. Total bond fund flows totaled just over $4.9 billion, a drop from $6 billion the week prior.
Hybrid fund flows rose to $2.03 billion from $2.02 billion the previous week.