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.
Nearly $7 billion was withdrawn from domestic equity funds last week — the largest weekly withdrawal of the year. Mo’ money for taxable bond funds, hybrid funds, and even a little for municipal bond funds last week.