Total estimated inflows to long-term mutual funds were $6.34 billion for the week ended Wednesday, January 18, according to the Investment Company Institute (ICI). Domestic equity slipped back into the red by posting outflows of $804 million, while foreign equity managed to gather $330 million in net inflows. Despite posting a 38% decrease from its total inflows during the prior week, taxable bond continued to drive sales with inflows of $3.8 billion. Inflows from municipal bond remained static from the prior week, collecting approximately $1.7 billion. Also, hybrid funds have maintained their positive streak since late November, with nearly $1.3 billion in net inflows during the week.
Source: Investment Company Institute