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.
Domestic equity outflows reached their second-highest levels of the year in the week ending last Thursday. Taxable bond flows continue to attract new money. However, there were net outflows total last week in all funds, perhaps signalling that clients are just ready for the sidelines.
