Investors Sold Off U.S. Equity Funds. Wait. Whoops. They didn't. ICI Muffs Its Own Data.

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U.S. domestic stock funds have been being sold off by retail investors for so long that even the Investment Company Institute got used to saying the word, "outflow." See correction I received just now. 

CORRECTION: During the week ending 1/9/2013, equity funds had estimated inflows of $14.33 billion (NOT outflows, as previously stated). We apologize for the inconvenience.

From:ICI Public Communications

Sent: Wednesday, January 23, 2013 4:09 PM
Subject: ICI REPORTS ESTIMATED LONG-TERM MUTUAL FUND FLOWS

 

ICI Reports EstimatedLong-TermMutual Fund Flows

 

Washington, DC, January 23, 2013—Total estimated inflows to long-term mutual funds were $22.04 billion for the week ended Wednesday, January 16, 2013, the Investment Company Institute reported today. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.

 

Estimated Flows to Long-Term Mutual Funds
Millions of dollars

 

12/19/2012

12/26/2012

1/2/2013

1/9/2013

1/16/2013

Total Equity

-5,315

-4,307

-10,797

14,328

9,317

 

Domestic

-5,289

-3,942

-9,314

7,731

5,046

 

World

-25

-366

-1,483

6,596

4,271

Hybrid

-71

533

-154

2,802

2,122

Total Bond

100

2,532

2,321

9,422

10,599

 

Taxable

3,368

3,233

2,049

7,041

8,358

 

Municipal

-3,268

-701

272

2,381

2,242

Total

-5,285

-1,242

-8,630

26,551

22,039


Equity funds had estimated inflows of $9.32 billion for the week, compared to estimated inflows of $14.33 billion in the previous week. Domestic equity funds had estimated inflows of $5.05 billion, while estimated inflows to world equity funds were $4.27 billion.

 

Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $2.12 billion for the week, compared to estimated inflows of $2.80 billion in the previous week.

 

Bond funds had estimated inflows of $10.60 billion, compared to estimated inflows of $9.42 billion during the previous week. Taxable bond funds saw estimated inflows of $8.36 billion, while municipal bond funds had estimated inflows of $2.24 billion.

 

Data for previous weeks reflect revisions due to data adjustments, reclassifications, and changes in the number of funds reporting. Historical flow data is available on the ICI website.

 

–ICI–

                                           

 

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