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 pressure to pull money out of domestic equities seems to be waning in recent weeks. However, taxable bond funds continue to be the biggest recipient of new money.
[...] their toes back into the broad market. We can also see evidence of this shift in mindset in last week’s Fund Flows data from [...]