Total estimated inflows to long-term mutual funds were $10.61 billion for the week ended Wednesday, January 6, the Investment Company Institute just reported.
Equity funds had estimated inflows of $2.04 billion for the week, while domestic equity funds had estimated outflows of $742 million. Estimated inflows to foreign equity funds were $2.79 billion.
Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $821 million for the week, and bond funds had estimated inflows of $7.75 billion. Taxable bond funds saw estimated inflows of $6.84 billion, while municipal bond funds had estimated inflows of $900 million.
Preliminary data for December 2009 is as follows: Overall, equity funds saw outflows of $3.5 billion, but foreign equity funds drew $1.3 billion. Hybrid funds (bond/equity and target-dates) grew $2.5 billion.
In total, bond funds saw $24 billion in assets in December, mainly in taxable funds ($20 billion) but also in municipals. Thus, the first estimate of total fund flows for the months is $23 billion, according to ICI.
The combined assets of the nation's mutual funds increased by $270.5 billion, or 2.5 percent, to $10.958 trillion in November, according to the Investment Company Institute's official survey of the mutual fund industry.
Total Net Assets of Mutual Funds
(billions of dollars)
