Washington, DC, January 4, 2017—Total estimated outflows from long-term mutual funds1 were $6.93 billion for the week ended Wednesday, December 28, the Investment Company Institute reported today.
Equity funds2 had estimated outflows of $5.44 billion for the week, compared to estimated outflows of $6.34 billion in the previous week. Domestic equity funds had estimated outflows of $3.80 billion, and world equity funds had estimated outflows of $1.63 billion.
Hybrid funds2—which can invest in stocks and fixed-income securities—had estimated outflows of $1.10 billion for the week, compared to estimated outflows of $2.08 billion in the previous week.
Bond funds2 had estimated outflows of $394 million for the week, compared to estimated outflows of $3.18 billion during the previous week. Taxable bond funds saw estimated inflows of $2.57 billion, and municipal bond funds had estimated outflows of $2.96 billion.