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.
Just when it looked like enchantment with taxable bonds might be starting to wane — after years of attracting lion’s share of new money — taxable bonds again brought in the most new money last week. Although, the other asset classes, with the exception of municipal bonds, also had positive flows last week.