Ding Ding Ding! For the first time all year, taxable bond funds actually LOST money. Domestic equities had the highest level of outflows that we’ve seen all year. Unfortunately, no one was spared this round of weekly fund flows. There’s blood everywhere!
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.