Total estimated inflows to long-term mutual funds were $6.40 billion for the week ended Wednesday, March 21, according to the Investment Company Institute (ICI). With the exception of the first week of 2012, overall net flows have remained positive. Municipal Bonds had a bumpy ride and suffered $135 million in net outflows, marking the first time they have fallen into negative territory in 2012. Taxable Bond funds continued to lead sales with nearly $5.8 billion in net inflows, bringing cumulative fixed income inflows to approximately $5.7 billion—its second lowest intake in 2012. Domestic Equity remained in the red, with outflows of nearly $1.8 billion, while Foreign Equity gathered $713 million. Hybrid funds continued their positive run in 2012 with $1.2 billion in net inflows.
Source: Investment Company Institute