Bond Funds Still Raking It In

Commentary February 17, 2010 at 07:00 PM
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Total estimated inflows to long-term mutual funds were $8.86 billion for the week ended Wednesday, January 27, the Investment Company Institute reported recently. (Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.)

Estimated Flows to Long-Term Mutual Funds
(millions of dollars)

12/29/2009

1/6/2010

1/13/2010

1/20/2010

1/27/2010

Total Equity

-1,025

1,895

5,764

3,950

810

Domestic

-1,200

-852

2,182

1,270

-370

Foreign

175

2,747

3,583

2,679

1,180

Hybrid

457

803

1,211

1,273

570

Total Bond

4,381

6,902

7,375

7,970

7,482

Taxable

3,578

6,054

6,173

6,740

6,053

Municipal

803

848

1,202

1,230

1,429

Total

3,813

9,600

14,351

13,192

8,862

Equity funds had estimated inflows of $810 million for the week, compared to estimated inflows of $3.95 billion in the previous week. Domestic equity funds had estimated outflows of $370 million, while estimated inflows to foreign equity funds were $1.18 billion.

Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $570 million for the week, compared to estimated inflows of $1.27 billion in the previous week.

Bond funds had estimated inflows of $7.48 billion, compared to estimated inflows of $7.97 billion during the previous week. Taxable bond funds saw estimated inflows of $6.05 billion, while municipal bond funds had estimated inflows of $1.43 billion.

Data for previous weeks reflect revisions due to data adjustments, reclassifications, and changes in the number of funds reporting. Historical flow data is available on the ICI website.



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