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Fund Flows

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.

After pouring over $240 billion in new money into taxable bond funds this year, the tide has turned in recent weeks with another $3.8 billion redeemed last week.  Foreign equity funds seems to be the asset class that has gained the most attention for new money.