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.
Taxable bond funds have now had inflows of over $189 billion for the year– dwarfing the flows into municipal bonds, hybrids, and foreign equity funds. Domestic equities continued to lose money last week, but the size of the withdrawals were cut by more than half on a weekly basis.
