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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.

For several weeks now we have seen large flows into US equity funds, which is a big change from the aversion to this category that has been seen over the past couple years.  Investors continue to pull money out of municipal bond funds.