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US-based bond mutual funds attract $1bn in latest week: ICI

India Infoline News Service | Mumbai |

Equity funds had estimated outflows of $3.58 billion for the week ending Wednesday, September 25, 2013

Total estimated outflows from US long-term mutual funds were $1 billion for the week ending Wednesday, September 25, 2013, the Investment Company Institute reported on Wednesday. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.


Estimated Flows to Long-Term Mutual Funds
Millions of dollars

  8/28/2013 9/4/2013 9/11/2013 9/18/2013 9/25/2013
Total Equity -274 905 5,233 3,395 -3,578

Domestic -1,411 -697 2,467 44 -3,775

World 1,137 1,602 2,766 3,351 196
Hybrid 1,135 349 1,282 1,573 1,288
Total Bond -9,302 -6,757 -5,511 -2,643 1,288

Taxable -6,388 -4,710 -2,805 -895 1,577
  Municipal -2,913 -2,048 -2,706 -1,748 -289
Total -8,440 -5,503 1,003 2,325 -1,003


Equity funds had estimated outflows of $3.58 billion for the week, compared to estimated inflows of $3.40 billion in the previous week. Domestic equity funds had estimated outflows of $3.78 billion, while estimated inflows to world equity funds were $196 million.
 
Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $1.29 billion for the week, compared to estimated inflows of $1.57 billion in the previous week.
 
Bond funds had estimated inflows of $1.29 billion, compared to estimated outflows of $2.64 billion during the previous week. Taxable bond funds saw estimated inflows of $1.58 billion, while municipal bond funds had estimated outflows of $289 million.


 

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