Washington, DC, November 7, 2012 - Total estimated outflows from long-term mutual funds were $488 million for the week ended Wednesday, October 31, the Investment Company Institute reported today. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.
Equity funds had estimated outflows of $2.43 billion for the week, compared to estimated outflows of $2.47 billion in the previous week. Domestic equity funds had estimated outflows of $1.89 billion, while estimated outflows from world equity funds were $548 million.
Hybrid funds, which can invest in stocks and fixed income securities, had estimated outflows of $672 million for the week, compared to estimated inflows of $1.32 billion in the previous week.
Bond funds had estimated inflows of $2.62 billion, compared to estimated inflows of $6.61 billion during the previous week. Taxable bond funds saw estimated inflows of $2.23 billion, while municipal bond funds had estimated inflows of $385 million.
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