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)