Bloomberg News

U.S. Mutual Funds Attracted $7.6 Billion Last Week, ICI Says

July 18, 2012

U.S. mutual funds attracted $7.6 billion last week as investors added money to fixed-income and continued withdrawals from equities.

Taxable bond funds had deposits of $5.22 billion and municipal bond funds gathered $1.17 billion in the week ended July 11, according to the Washington-based Investment Company Institute. Funds that buy U.S. stocks had redemptions of $1.47 billion, while those that invest in international equities drew $927 million.

To contact the reporter on this story: Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net

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


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