Inflows to non-U.S. stock funds, meanwhile, plummeted to an estimated $2.18 billion, down 37% from $3.47 billion a week earlier.
Bond funds were able to hold tight. For the week ended Feb. 27, bonds funds drew $4.99 billion in estimated inflows, up 6% from the $4.71 billion they took in the week before. Of the $4.99 billion, $4.41 billion went to taxable bond funds with the remaining $579 million going to municipal bond funds.
Hybrid funds, which invest in both stocks and fixed income securities, were up 18% for the week, drawing an estimated $2.39 billion.
All told, mutual funds attracted just $8.43 billion, the smallest weekly inflow so far this year.
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.