There is good news for mutual funds distribution teams; absent the branded Fund Track
column, the Wall Street Journal
reports that long-term mutual funds saw net inflows for the ninth week in a row for the week ended May 13. The figures come from the ICI's regular report.
Equity fund net inflows more than doubled to $6.62 billion from $2.99 billion the week prior. Roughly $4.77 billion of the net inflows were directed at U.S. equities funds compared to $1.85 billion for non-U.S. equity funds. Meanwhile, fixed-income funds outpulled equity funds, taking in $8.66 billion in net flows. That is a drop from $10.36 billion the week prior.
Stay ahead of the news ... Sign up for our email alerts now