Total estimated inflows to long-term mutual funds were $7.60 billion for the week ended Wednesday, April 25, according to the Investment Company Institute (ICI). This total estimated intake represents a 25% increase from last week’s inflows of $6.10 billion. Equity funds experienced its second consecutive week in positive territory with $927 million. Domestic Equity suffered $1.6 billion in net outflows—a marked improvement from $8.7 billion in outflows during the prior week—while its World counterpart gathered $2.5 billion in net inflows. Taxable Bond continues to lead sales with nearly $4.9 billion in net inflows. Municipal Bond garnered $825 million, a dramatic uptick from $399 million during the prior week. With $995 million in net inflows, Hybrid funds experienced an 18% drop from the prior week’s intake of $1.2 billion.
Source: Investment Company Institute