U.S.-based bond funds suffer $5.97 bln outflow, down from record - ICI
NEW YORK, July 10
NEW YORK, July 10 (Reuters) - Investors in U.S.-based mutual funds pulled $5.97 billion out of bond funds in the latest week, down from a record outflow in the prior week, data from the Investment Company Institute showed on Wednesday.
The outflows from bond funds in the week ended July 2 were down from record withdrawals of $28.23 billion the prior week, said ICI, a U.S. mutual fund trade organization.
Outflows from municipal bond funds also dropped to $920 million after record outflows of $7.69 billion the prior week. Stock funds, meanwhile, posted inflows of $228 million, up modestly from inflows of just $45 million the prior week.
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