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.
Investors continue to withdraw money from domestic equity funds while adding to other asset classes-most notably taxable bond funds. It will be interesting to see how long this trend in asset flows persists in light of the fact that taxable bond funds have underperformed the S&P 500 by roughly 10% in the third quarter.
Posted by Andy Hyer 
