Outflows from non-U.S. stock funds also slowed. Investors withdrew an estimated $15 million from the funds for the week ended Nov. 28, substantially less than the $1.31 billion they pulled the week before.
And hybrid funds, which invest in both stocks and fixed income securities, attracted $143 million in estimated inflows, reversing two consecutive weeks of outflows totaling more than $2.4 billion.
Bond funds took in $4.44 billion in estimated inflows, virtually unchanged from the previous week. Of the $4.44 billion, $3.13 billion went to taxable bond funds with the remaining $1.31 billion going to municipal bond funds.
Overall, mutual funds pulled in $4.09 billion in estimated inflows, recovering from the previous week’s $5.57 billion outflow, the year’s largest.
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.