Bloomberg News

Mutual Funds in U.S. Attracted $4.56 Billion Last Week, ICI Says

June 27, 2012

U.S. mutual funds took in deposits of $4.56 billion last week as investors flocked to bonds while pulling out of equities, the Investment Company Institute said today in an e-mailed statement.

Fixed-income funds attracted $4.89 billion during the week ended June 20, according to the Washington-based trade group. Investors removed $1.84 billion from domestic stock funds and added $327 million to international equities.

To contact the reporter on this story: Charles Stein in Boston at cstein4@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


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