Bloomberg News

U.S. Mutual Funds Attracted $3.26 Billion Last Week, ICI Says

July 05, 2012

U.S. mutual funds attracted deposits of $3.26 billion last week as investors put money into fixed income, the Investment Company Institute said today in an e- mailed statement.

Bond funds drew $4.34 billion in deposits in the week ended June 27, according to the Washington-based trade group. Investors removed $1.46 billion from domestic stock funds and added $362 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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