Investment Company Institute (ICI) said long-term mutual funds saw inflows of $625 million in the latest week, The Wall Street Journal reports. These bond fund inflows offset the declines in equities and hybrid funds.
For the week ended November 16, equity funds witnessed outflows of $1.26 billion, compared to outflows of $4.63 billion a week ago. U.S. equities saw outflows of $135 million, while $1.13 billion was withdrawn from foreign funds. Meanwhile, investors put $6.47 billion into bond funds and $5.56 billion into taxable funds.
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