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.
The attraction to taxable bond funds continues as they pulled in another $3.5 billion last week, bringing the year-to-date total to $11.2 billion. Domestic equity, hybrid, and foreign equity funds also had positive flows while the exodus from municipal bond funds continued.