Almost $7 billion was added to taxable bonds and $1.5 billion was withdrawn from domestic equity funds in the week ending 7/21. These flows represent a substantial increase in flows to taxable bonds, and a substantial decrease in domestic equity withdrawals. For the year, $156 billion has been added to taxable bond funds while $27 billion has been removed from domestic equity funds. Hybrids, municipal bonds, and foreign equity funds have all seen modest inflows for the year.
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.