October 27, 2010 / 8:57 PM / in 8 years

US mutual fund net inflows highest since April-ICI

 NEW YORK, Oct 27 (Reuters) - U.S. mutual funds net cash
inflows reached an estimated $9.5 billion in the week ended
Oct. 20, their highest level since late April, the Investment
Company Institute data showed on Wednesday.
 ICI, a U.S. mutual fund industry trade group, reported
data that showed a sharp increase in total equity inflows that
helped the sector to its best showing since the week ended
April 28, when inflows topped $10 billion.
 All fund category groups showed improvements except for
hybrid funds that invest in both equity and debt, the data
showed.
 Equity funds had total inflows of $2 billion while bond
fund inflows rebounded to $6.5 billion in the latest period.
 The following table shows a breakdown of the flows for the
past three weeks (all figures in millions of dollars):
Estimated Flows to Long-Term Mutual Funds:
         10/6/2010    10/13/2010    10/20/2010
=================================================
Total Equity   -4,178           762         2,022
 Domestic      -5,386          -623          -202
 Foreign        1,208         1,385         2,223
Hybrid            740         1,459         1,013
Total Bond      7,750         5,718         6,484
 Taxable        7,146         5,474         5,853
 Municipal        604           243           631
=================================================
Total           4,312         7,939         9,519
* Hybrid funds can invest in equity and/or fixed-income
securities
 (Reporting by Daniel Bases; Editing by Jan Paschal)


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