ICI reports estimated Long-Term Mutual Fund flows

India Infoline News Service | Mumbai |

Equity funds had estimated outflows of US$3.86bn for the week, compared to estimated inflows of US$3.53bn in the previous week

Total estimated outflows from long-term mutual funds were USUS$2.16bn for the week ended Wednesday, April 30, 2014, the Investment Company Institute reported.

Estimated Flows* to Long-Term Mutual Funds
Millions of dollars

4/2/2014 4/9/2014 4/16/2014 4/23/2014 4/30/2014
Total equity 3,155 5,752 2,283 3,527 -3,858

Domestic 938 2,073 633 1,390 -3,963

World 2,217 3,680 1,650 2,137 104
Hybrid 265 1,482 1,186 1,229 767
Total bond 3,379 1,609 633 1,987 931

Taxable 3,129 1,448 604 1,456 602

Municipal 250 161 29 531 329
Total 6,799 8,843 4,102 6,743 -2,160
* Flow estimates are derived from data collected covering 98 percent of industry assets.

Equity funds had estimated outflows of US$3.86bn for the week, compared to estimated inflows of US$3.53bn in the previous week. Domestic equity funds had estimated outflows of US$3.96bn, and estimated inflows to world equity funds were US$104 million.

Hybrid funds, which can invest in stocks and fixed-income securities, had estimated inflows of US$767 million for the week, compared to estimated inflows of US$1.23bn in the previous week.

Bond funds had estimated inflows of US$931 million, compared to estimated inflows of US$1.99bn during the previous week. Taxable bond funds saw estimated inflows of US$602 million, and municipal bond funds had estimated inflows of US$329 million.

Notes: Weekly cash flows are estimates that represent industry totals, based on reporting covering 98 percent of industry assets. Actual net new cash flows are collected on a monthly basis and reported in ICI’s “Trends in Mutual Fund Investing”; therefore, there are differences between these weekly estimates and the monthly flows. Data for previous weeks reflect revisions due to data adjustments, reclassifications, and changes in the number of funds reporting. Historical flow data are available on the ICI website.
 

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