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.
Almost $7 billion was added to taxable bonds and $1.5 billion was withdrawn from domestic equity funds in the week ending 7/21. These flows represent a substantial increase in flows to taxable bonds, and a substantial decrease in domestic equity withdrawals. For the year, $156 billion has been added to taxable bond funds while $27 billion has been removed from domestic equity funds. Hybrids, municipal bonds, and foreign equity funds have all seen modest inflows for the year.
