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 trend in fund flows continues with taxable bond funds picking up the most new assets and domestic equity funds seeing the most redemptions. $160 billion in new money has flowed into taxable bond funds in 2010 while $31 billion has been removed from domestic equity funds. Hybrid, municipal bond, and foreign equity funds have seen modest gains in assets for the year.
