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ICI reports estimated long-term mutual fund flows

Equity funds had estimated inflows of $6.00 billion for December 31, compared to estimated inflows of $2.47 billion in the previous week

January 09, 2014 3:35 IST | India Infoline News Service
Total estimated inflows from long-term mutual funds were $4.24 billion for the eight-day period ended Tuesday, December 31, 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 $6.00 billion for December 31, compared to estimated inflows of $2.47 billion in the previous week. Domestic equity funds had estimated inflows of $3.32 billion, while estimated inflows to world equity funds were $2.69 billion.

Hybrid funds, which can invest in stocks and fixed-income securities, had estimated inflows of $1.09 billion for the week, compared to estimated inflows of $827 million in the previous week.

Bond funds had estimated outflows of $2.85 billion, compared to estimated outflows of $3.46 billion during the previous week. Taxable bond funds saw estimated outflows of $404 million, while municipal bond funds had estimated outflows of $2.45 billion.

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