Long-term mutual funds saw inflows of $902 million in the week ended August 31, The Wall Street Journal reports. According to the Investment Company Institute, investors pulled $131 million from equity funds, against $3.2 billion in the previous week.
The week witnessed outflows of $748 million from U.S. equities but received $617 million from foreign funds. Bond funds had outflows of $76 million, in comparison to the week-earlier withdrawal of $20 million. Taxable funds experienced outflows of $303 million, whereas allocation to municipal funds was $227 million.
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