The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Investors Flee Muni Bond Funds and Find Solace in Equities Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 30, 2010

Investors Flee Muni Bond Funds and Find Solace in Equities

News summary by MFWire's editors

Long-term mutual funds enjoyed a week of inflows to the tune of some $1.18 billion while investors continued to flee municipal-bond funds, the Wall Street Journal reports.

According to data from the Investment Company Institute, for the week ended Dec. 21, bond funds had net outflows of $4.37 billion, on top of the estimated $8.6 billion that was pulled during the prior week, continuing a streak of seven consecutive weeks that investors redeemed from municipal funds.

In contrast, stock funds saw $3.94 billion of inflows, compared with prior week outflows of $181 million, and hybrid funds enjoyed net inflows of $1.61 billion, compared with prior-week inflows of $381 million.

Also, money-market funds had net inflows of $24.63 billion in the latest week ended Tuesday, nearly recouping the $28.53 billion that was pulled the prior week, as investors added money to prime and government funds, according to iMoneyNet.

For the week ended Tuesday, total assets in money-market funds grew to $2.787 trillion, according to iMoneyNet.  

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use