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 continue to attract the most new money — with another $6 billion in new money last week. Foreign equity and hybrid fund inflows have also been pretty steady this year. Domestic equity and municipal bond funds had another week of redemptions.
[...] days, at least in the equity business. For what little equity they’ve been buying at all, investors recentlyhave been dumping domestic stock funds and buying international stock funds. Often, this is based on an assumption like “the dollar has been going down, therefore [...]