Updated Friday, August 28, 2015 as of 6:18 PM ET

ICI: Bond Funds See Hefty Inflows

Investors plunged back into bond funds with gusto for the week ended April 24, after two consecutive weeks of taking their foot off the petal, according to estimates from the Investment Company Institute. Net inflows into bond funds for the week were $5.8 billion, compared to $1.7 billion for the week ended April 10 and $1.5 billion for the week ended April 17, according to ICI numbers.

$5.6 billion flowed into taxable bond funds and $133 million was garnered by muni bond funds, according to ICI estimates.  

Domestic equity funds had estimated outflows of $608 million, while estimated inflows to world equity funds were $1.9 billion, the ICI said. Domestic equity funds have been on a roller coaster over the last several weeks. The funds saw net redemptions of $1.8 billion for the week ended April 3, net inflows of $378 million for the week ending April 10, and net inflows of almost $2 billion for the week ended April 17, according to ICI numbers.

Flows into world equity funds were approximately $1.9 billion for the week, compared to $646 million for the week ended April 17 and $1.2 billion for the week ended April 10, according to the ICI.

Flows into hybrid funds were $1.4 billion, roughly even with preceding weeks.

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