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US equity MFs report inflows of $3.84bn in latest week: ICI

India Infoline News Service | Mumbai |

US hybrid mutual funds took in $3.19 billion during the week ended July 17

US bond mutual funds report $3.49 billion of net outflows during the week ended July 17, marking their seventh consecutive week of withdrawals as investors fret about the changing tides of monetary policy, the Investment Company Institute said Wednesday.

Outflows include $1.04 billion from taxable funds and $2.46 billion from municipal bond funds. Investors, however, pulled less than the previous week, when they took $8.10 billion from mutual funds.

US equity mutual funds gained $3.84 billion of inflows compared to $7.58 billion the previous week. Hybrid mutual funds took in $3.19 billion compared to $1.78 billion the previous week.
 

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