MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 19, 2009 Weekly Long-Term Fund Flows Almost Triple Long-term (i.e. non-money market) mutual funds flows are on an upswing, with estimated inflows topping $8.42 billion for the week ended November 11th, according to the latest figures released on Wednesday from the Investment Company Institute (ICI). The previous week, long-term mutual funds had estimated inflows of $3.07 billion in total. Hybrid funds (i.e. funds with both equity and fixed income components, like target date or balanced funds) played a large hand in propelling the climb, drawing in estimated inflows of $782 million, up from inflows of $358 million in the previous week. Bond funds also contributed to the upswing with inflows of $8.88 billion compared to $7.50 billion last week. Of this, taxable bond funds brough in $7.39 billion and municipal bond funds accounted for $1.5 billion. On the flipside, equity funds had estimated outflows of $1.24 billion for this week, dropping by a factor of almost four from last week's $4.78 billion. Domestic equity funds were the main culprit for the continued net outflows, showing outflows of $2.70 billion, while foreign equity funds had inflows of approximately $1.46 billion. Printed from: MFWire.com/story.asp?s=23297 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |