The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs). Members of ICI manage total assets of $11.82 trillion and serve nearly 90 million shareholders. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.
The movement out of domestic equities and into taxable bonds continued in the week ending 6/2/10. Foreign equities inflows staged a significant reversal, and are now positive compared to a -3,945 reading last week.
[...] bonds, you’ve got to scratch your head. Retail investors, on the other hand, are still piling money into bonds like crazy, I suspect in an effort to reduce their portfolio volatility. There might be more [...]