Stock Funds Drop $1.7B
October 25, 2012
Mutual funds saw inflows of $7.95 billion for the week ended Wednesday, October 17, according to the Investment Company Institute.
Equity funds continued to bleed assets losing $1.73 billion for the week, compared to estimated outflows of $2.61 billion in the previous week. Hybrid funds had estimated inflows of $818 million for the week, compared to estimated inflows of $242 million in the previous week.
And bond funds had estimated inflows of $8.86 billion, compared to estimated inflows of $9.51 billion during the previous week.