U.S. mutual funds attracted $3.81 billion last week as investors added money to fixed-income and continued withdrawals from equities.
Taxable bond funds had deposits of $4.29 billion and municipal bond funds gathered $1.47 billion in the week ended July 25, according to the Washington-based Investment Company Institute. Funds that buy U.S. stocks had redemptions of $2.13 billion, while those that invest in international equities had redemptions of $568 million.
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