JULY 28, 2010 - DOW JONES NEWSWIRES
Long-term mutual funds had an estimated $6.91 billion of inflows in the latest week due to strength in bond and hybrid funds, which again more than offset outflows from equity funds, according to the Investment Company Institute.
Bond funds have thrived, as they typically do in a lower-interest-rate environment, while equity funds have failed to consistently attract new investment for more than a year despite 2009's sharp rally.
For the week ended July 21, ICI reported that equity funds had outflows of $1.32 billion, compared to the $3.19 billion of outflows a week earlier. U.S. equities had $1.53 billion pulled from them while $204 million was added to foreign funds.
At the same time, bond funds took in $7.86 billion, up from $6.14 billion the previous week, said ICI. Taxable funds had inflows of $6.87 billion and municipal ones added $992 million.
Investors also put $371 million into hybrid funds, compared with prior-week inflows of $430 million. Such funds can invest in both stocks and fixed-income assets.
source: online.wsj.com
JULY 28, 2010 - DOW JONES NEWSWIRES
Long-term mutual funds had an estimated $6.91 billion of inflows in the latest week due to strength in bond and hybrid funds, which again more than offset outflows from equity funds, according to the Investment Company Institute.
Bond funds have thrived, as they typically do in a lower-interest-rate environment, while equity funds have failed to consistently attract new investment for more than a year despite 2009's sharp rally.
For the week ended July 21, ICI reported that equity funds had outflows of $1.32 billion, compared to the $3.19 billion of outflows a week earlier. U.S. equities had $1.53 billion pulled from them while $204 million was added to foreign funds.
At the same time, bond funds took in $7.86 billion, up from $6.14 billion the previous week, said ICI. Taxable funds had inflows of $6.87 billion and municipal ones added $992 million.
Investors also put $371 million into hybrid funds, compared with prior-week inflows of $430 million. Such funds can invest in both stocks and fixed-income assets.
source: online.wsj.com
