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US long-term MF inflows at $1billion in latest week: ICI

Equity funds estimated inflows of $5.24 billion for the week ending Wednesday, September 11 against estimated inflows of $903 million in the previous week

September 19, 2013 10:09 IST | India Infoline News Service
Total estimated inflows to US-based long-term mutual funds were $1 billion for the week ending Wednesday, September 11, 2013, the Investment Company Institute reported yesterday.

Equity funds had estimated inflows of $5.24 billion for the week, compared to estimated inflows of $903 million in the previous week. Domestic equity funds had estimated inflows of $2.47 billion, while estimated inflows to world equity funds were $2.77 billion.

Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $1.28 billion for the week, compared to estimated inflows of $349 million in the previous week.

Bond funds had estimated outflows of $5.51 billion, compared to estimated outflows of $6.76 billion during the previous week.. Taxable bond funds saw estimated outflows of $2.81 billion, while municipal bond funds had estimated outflows of $2.71 billion.

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