Weekly mutual fund inflows slip to $5.1 bln-ICI

NEW YORK, Aug 25 (BestGrowthStock) – Net cash inflows to mutual
funds for the week ended Aug. 18 slipped to an estimated $5.1
billion compared with the prior week’s inflows of $5.96
billion, data from the Investment Company Institute showed on
Wednesday.

ICI, a U.S. mutual fund industry trade group, reported data
that showed equity mutual funds continue to suffer redemptions
while fixed income funds maintain a steady pace of inflows
despite yields near record lows.

Equity funds had outflows of $2.8 billion, nearly double
the prior week’s redemptions. Bond fund inflows grew by roughly
$746 million to $7.9 billion.

The following table shows a breakdown of the flows for the
past three weeks (all figures in millions of dollars):
Estimated Flows to Long-Term Mutual Funds:

8/4/2010 8/11/2010 8/18/2010
================================================
Total Equity -2,201 -1,431 -2,816
Domestic -2,122 -2,077 -2,706
Foreign -79 646 -110
Hybrid* 233 213 -28
Total Bond 7,551 7,177 7,923
Taxable 6,350 5,795 6,546
Municipal 1,201 1,382 1,378
================================================
Total 5,583 5,959 5,079
* Hybrid funds can invest in equity and/or fixed-income
securities

Weekly mutual fund inflows slip to $5.1 bln-ICI