Washington, DC, November 23, 2016 - Total estimated outflows from long-term mutual funds1 were $16.55 billion for the week ended Wednesday, November 16, the Investment Company Institute reported today.
Equity funds2 had estimated outflows of $7.94 billion for the week, which is -0.09 percent of September equity fund month-end assets, compared to estimated outflows of $17.43 billion in the previous week. Domestic equity funds had estimated outflows of $8.41 billion, and world equity funds had estimated inflows of $471 million.
Hybrid funds2—which can invest in stocks and fixed-income securities—had estimated outflows of $1.74 billion for the week, which is -0.12 percent of September hybrid fund month-end assets. These funds had estimated outflows of $3.31 billion in the previous week.
Bond funds2 had estimated outflows of $6.87 billion for the week, which is -0.18 percent of September bond fund month-end assets, compared to estimated outflows of $904 million during the previous week. Taxable bond funds saw estimated outflows of $2.41 billion, and municipal bond funds had estimated outflows of $4.45 billion.
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