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ICI reports estimated long-term mutual fund flows

Hybrid funds, which can invest in stocks and fixed-income securities, had estimated inflows of $880 million for the eight-day period ending Wednesday, January 8

January 16, 2014 10:30 IST | India Infoline News Service
Total estimated inflows to long-term mutual funds were $2.88 billion for the eight-day period ending Wednesday, January 8, 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 outflows of $647 million for the week, compared to estimated inflows of $6.20 billion in the previous week. Domestic equity funds had estimated outflows of $3.36 billion, while estimated inflows to world equity funds were $2.72 billion.

Hybrid funds, which can invest in stocks and fixed-income securities, had estimated inflows of $880 million for the week, compared to estimated inflows of $1.08 billion in the previous week.

Bond funds had estimated inflows of $2.65 billion, compared to estimated outflows of $2.81 billion during the previous week. Taxable bond funds saw estimated inflows of $2.99 billion, while municipal bond funds had estimated outflows of $347 million.

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