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Equity funds estimated inflows of $1.79bn for latest week

Equity funds had estimated inflows of $1.79 billion for the week, compared to estimated inflows of $430 million in the previous week

January 01, 2014 12:50 IST | India Infoline News Service
Total estimated outflows from long-term mutual funds were $930 million for the five-day period ended Monday, December 23, 2013, the Investment Company Institute reported today.

Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.

Equity funds had estimated inflows of $1.79 billion for the week, compared to estimated inflows of $430 million in the previous week. Domestic equity funds had estimated inflows of $254 million, while estimated inflows to world equity funds were $1.53 billion.

Hybrid funds, which can invest in stocks and fixed-income securities, had estimated inflows of $875 million for the week, compared to estimated inflows of $465 million in the previous week.

Bond funds had estimated outflows of $3.59 billion, compared to estimated outflows of $8.09 billion during the previous week. Taxable bond funds saw estimated outflows of $2.19 billion, while municipal bond funds had estimated outflows of $1.40 billion.

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