MarketWatch – Mutual Funds Saw Withdrawals Last Week: ICI – 7 August 2013

Market Watch

By Ben Eisen

NEW YORK (MarketWatch) — Long-term mutual fund flows turned negative in the last week of July, according to data by Investment Company Institute released Wednesday. In the week ended July 31, investors pulled $4.48 billion from funds. That includes a withdrawal of $6.94 billion from bond funds, marking their eighth week of outflows in the last 9 weeks as investors pulled $4.07 billion from taxable funds and $2.87 billion from municipal funds. Equities saw slight inflows of $714 million, bolstered by $1.64 billion of world equity inflows, which offset $926 million of domestic equity outflows. Hybrid funds had $1.74 billion of inflows.

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