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.
Foreign equity funds brought in the most new money last week, while domestic equity funds had the biggest outflows. For the moment at least, the demand for taxable bond funds seems to have cooled down after attracting the lion’s share of new money for the year.