FYI: Earlier this week the Investment Company Institute (ICI) reported mutual fund flows for the week ending April 24. The results were grim for the equity mutual fund industry, as they have been for a very long time. In the chart below we show dollar flows by mutual fund type across a variety of time periods. Notably, equity funds are extremely weak across almost all fund types, with emerging markets equity funds the only exception. The complete opposite is true of bond mutual funds. While equity funds saw outflows of $13.9bn over the course of the week, bond funds saw inflows of more than $10bn, driven by investment grade bonds.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/mutual-fund-flows-a-tale-of-two-asset-classes
