Total estimated outflows from long-term mutual funds were $2.62 billion for the week ended Wednesday, December 28, according to the Investment Company Institute (ICI). This estimated total marks the third week of overall outflows suffered during the month of December. As was the case throughout the majority of the year, domestic equity drove outflows of nearly $4.0 billion, while foreign equity experienced $1.2 billion in outflows. Taxable bond led inflows, despite only capturing $1.2 billion—its lowest inflow throughout the month. Municipal bond gathered $977 million in net inflows. Throughout the month, hybrid funds remained in the black and gathered $389 million during the week.
Source: Investment Company Institute