Investors instead rewarded foreign stock funds, sending an estimated $2.53 billion their way for the week. The infusion was down 71% from the mega $8.72 billion inflow a week earlier.
Bond funds again were the biggest winners, receiving estimated inflows of $5.68 billion, up 17% from the week before. Of the $5.68 billion, $4.85 billion went to taxable bond funds with the remaining $825 million going to municipal bond funds.
Hybrid funds — those that invest in both stocks and fixed income securities — posted estimated inflows of $995 million, down from the $1.21 billion inflow the previous week.
Overall, mutual funds took in an estimated $7.60 billion in fresh infusions for the week, up 25% from the $6.10 billion inflow a week earlier.
The weekly fund flow estimates are derived from data covering more than 95% of industry assets, according to ICI. The statistics cover long-term mutual funds, those the ICI defines as investing in long-term instruments.