ICI best week U.S. mutual funds

ICI best week U.S. mutual funds : Investors put an estimated net $7.89 billion of fresh cash into U.S. mutual funds in the week ended Jan. 26, the best week since mid-October, but municipal bond funds bled cash for a 12th straight week, data from the Investment Company Institute showed on Wednesday.

ICI, a U.S. mutual fund industry trade group, reported domestic-focused equity funds had net inflows of $3.2 billion, nearly twice the amount of new money put into internationally focused funds.

Municipal bond fund net outflows totaled $2.67 billion, bringing total redemptions since early November to $33.5 billion. The prior week saw an outflow of $5.74 billion, the most since the ICI started tracking weekly investment flows at the start of 2007. Taxable bond, by contrast, funds took in a net $3.5 billion.

The following table shows a breakdown of the ICI flows for the past three weeks (all figures in millions of dollars): Estimated flows to long-term mutual funds:

1/12/2011    1/19/2011    1/26/2011
=================================================
Total Equity      6,537        4,962        5,123
Domestic         3,762        3,311        3,248
Foreign          2,775        1,651        1,875
Hybrid            2,140        1,556        1,941
Total Bond         -975       -2,165          831
Taxable          1,393        3,584        3,509
Municipal       -2,368       -5,748       -2,678
=================================================
Total             7,702        4,353        7,895
* Hybrid funds can invest in equity and/or fixed-income
securities

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