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 The outflows were the biggest in any week since August 2011,
according to data from ICI, a U.S. mutual fund trade organization.
They were, however, primarily the result of mutual funds being
converted into non-1940 Act products, ICI spokeswoman Rachel McTague
said.
It was the 20th straight week of withdrawals from the funds. Funds
that specialize in international shares, which have attracted
inflows over every week this year, attracted $3.8 billion.
The $7.7 billion in total outflows from all stock funds reversed the
prior week's inflows of $2.2 billion and were the biggest
withdrawals in over a year.
Bond funds posted $486 million in outflows for a third straight week
of withdrawals. But the outflows were the smallest over those three
weeks and were less than one sixth the prior week's $3.2 billion in
outflows.
Hybrid funds, which can invest in stocks and fixed-income
securities, posted $210 million in outflows after attracting small
inflows of $66 million over the prior week.
The following table shows estimated ICI flows for the past five
weeks (all figures in millions of dollars):
7/15/2015 7/8 7/1 6/24 6/17
Total equity -7,660 2,202 -3,235 -1,420 222
Domestic -11,468 -2,434 -5,475 -3,535 -3,440
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World 3,808 4,636 2,240 2,115 3,661
Hybrid* -210 66 -416 422 24
Total bond -486 -3,163 -2,035 16,951 -4,101
Taxable -452 -2,875 -1,520 16,846 -3,594
Municipal -35 -288 -515 105 -507
Total -8,356 -895 -5,686 15,953 -3,855
*Hybrid funds can invest in stocks and/or fixed income securities.
(Reporting by Sam Forgione; Editing by Nick Zieminski and Leslie
Adler)
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