Wednesday, May 25, 2011

Mutual Fund Flow Summary

This from the Investment Company Institute website on their estimate of mutual fund flows:
Washington, DC, May 25, 2011 - Total estimated inflows to long-term mutual funds were $7.38 billion for the week ended Wednesday, May 18, the Investment Company Institute reported today. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.

Estimated Flows to Long-Term Mutual Funds, Millions of dollars
                          4/20/2011    4/27/2011    5/4/2011    5/11/2011    5/18/2011
Total Equity                  3,052           -930             -1,913             -942                 -25
Domestic                     1,921         -758           -2,045        -2,243          -1,505
Foreign                       1,131         -172               132          1,301           1,480

Hybrid                           1,267             892               2,236              792                 892

Total Bond                     2,167          2,890             6,183           3,826              6,508
Taxable                        3,320       3,507            6,457          3,788            6,445
Municipal                    -1,153         -617             -275              38                63

Total                               6,486          2,852               6,506           3,676            7,375

Equity funds had estimated outflows of $25 million for the week, compared to estimated outflows of $942 million in the previous week. Domestic equity funds had estimated outflows of $1.51 billion, while estimated inflows to foreign equity funds were $1.48 billion.

Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $892 million for the week, compared to estimated inflows of $792 million in the previous week.

Bond funds had estimated inflows of $6.51 billion, compared to estimated inflows of $3.83 billion during the previous week. Taxable bond funds saw estimated inflows of $6.45 billion, while municipal bond funds had estimated inflows of $63 million.