For the week ending Wednesday, December 26, mutual funds and exchange-traded funds reported net inflows of $3 billion, excluding the inflows of $18.2 billion to money market accounts, according to data fromLipper.

“Those investors who did not feel that cash would be the best place to end the year continued to look toward equity funds ( $3.0 billion net) and, more specifically, equity ETFs; that group accounted for $2.5 billion of the total inflows,” wroteMatthew Lemieux, senior analyst at Lipper.

“That said, equity mutual funds—reporting net sales of $508 million—were able to break a six-week outflow trend as heavy interest into emerging market funds ( $829 million net) helped overcome the continued losses seen in domestic equity products (-$751 million).”

Also, taxable bond funds rebounded from their previous week of redemptions and gained $936 million of net inflows, according to Lemieux. Corporate investment-grade debt products attracted roughly $1 billion in net new assets, while high-yield funds (-$159 million) were one of the few taxable groups ending the period with net redemptions.

Municipal bond funds posted a second consecutive week of net outflows at $421 million.