Long-term mutual funds had inflows of $386 million for the week ended Sept. 21, the Investment Company Institute said.
Investors continued to move out of equity funds, withdrawing $2.78 billion in the week, compared to redemptions of $1.98 billion in the week ended Sept. 14. Domestic stock funds had redemptions of $3.885 billion for the week, while foreign stock funds took in $1.110 billion.
Hybrid funds had sizeable inflows of $1.41 billion, up from $551 million the previous week.
Inflows to bonds were $1.75 billion, down from $4.72 billion the previous week. Taxable bond funds took in $1.18 billion, while municipals had inflows of $569 million.
-- This article first appeared on Money Management Executive.
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