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.
Last week was another big week of new money for taxable bond funds and another week of redemptions for domestic equity funds. There has now been over $200 billion in new money for taxable bonds for the year while domestic equity funds have had redemptions of over $56 billion. Foreign equity funds, hybrid funds, and municipal bond funds have all had modest inflows for the year.
