Industry inflows fell by about 89 percent last week, largely driven by a big reversal in stock fund flows, according to the latest data from the folks at a mutual fund industry trade group.

Today, the Investment Company Institute (ICI) team reports that an estimated $2.075 billion net flowed into ETFs and long-term mutual funds for the week ended September 10. (Money-market funds and funds-of-funds, as well as other asset management products like CITs and separate accounts, are not included.) That's a $16.755-billion net flows drop week-over-week from the week ended on September 3*, but it still extends the industry's inflows streak to five weeks and $71.065 billion.

Traditional, long-term, open-end mutual funds suffered an estimated $20.146 billion in net outflows for the week ended September 10, according to the ICI folks, up by $9.284 billion W/W. Meanwhile, ETFs brought in an estimated $22.22 billion in net inflows last week, down by $7.472 billion W/W.

Fixed income dominated industry inflows yet again last week. Per ICI's data, $15.947 billion net flowed into bond funds and ETFs in the week ended September 10, up by $2.103 billion W/W. $11.613 billion of that (down by $1.918 billion W/W) flowed into taxable bond funds and ETFs, while $4.334 billion (up by $4.063 billion W/W) flowed into municipal bond funds and muni ETFs.

Commodity funds (all ETFs) brought in an estimated $642 million in net inflows for the week ended September 10. That's down by $3.674 billion W/W.

Hybrid funds and ETFs suffered an estimated $1.469 billion in net outflows for the week ended September 10. That's up by $212 million W/W.

Equity funds and ETFs suffered an estimated $13.045 billion in net outflows for the week ended September 10, a $15.013-billion net flows drop W/W. Domestic equity funds and ETFs suffered an estimated $19.849 billion in net outflows last week (a $22.565-billion net flows drop W/W), yet world equity funds brought in an estimated $6.804 billion in net flows (up by $7.552 billion W/W).

*Editor's Note: The ICI folks note that they also revise past weeks' flows data "because of adjustments, reclassifications, and changes in the number of funds reporting." Thus, the week-to-week flows changes may not quite line up perfectly with the numbers in MFWire's coverage of prior weeks' flows. 

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