Industry inflows shrunk by 52 percent last week, thanks largely to falling fixed income flows and despite a drop in stock fund outflows, 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 esetimated $11.232 billion net flowed into ETFs and long-term, open-end mutual funds in the week ended October 15. (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 $12.153-billion net flows drop week-over-week from the week ended on October 8*, but it extends the industry's inflows streak to ten weeks.

Traditional, long-term, open-end mutual funds suffered an estimated $18.742 billion in net outflows for the week ended October 15, according to the ICI folks, up by $2.424 billion W/W. Meanwhile, ETFs brought in an estimated $29.974 billion in net inflows last week, down by $9.729 billion W/W.

Fixed income dominated industry inflows yet again last week. Per ICI's data, an esetimated $11.04 billion net flowed into bond funds and ETFs in the week ended October 15 (down by $15.617 billion W/W). $8.948 billion of that (down by $15.087 billion W/W) flowed into taxable bond funds and ETFs, while $2.092 billion (down by $530 million W/W) flowed into municipal bond funds and muni ETFs.

Commodity funds (well, ETFs) brought in an estimated $2.885 billion in net inflows for the week ended October 15. That's up by $2.308 billion W/W.

On the flip side, equity funds and ETFs suffered an estimated $897 million in net outflows for the week ended October 15, down by $2.22 billion W/W. Domestic equity funds and ETFs alone suffered $1.646 billion in net outflows last week (down by $1.475 billion W/W), while world equity funds and ETFs brought in $750 million in net inflows (up by $746 million W/W).

Hybrid funds and ETFs suffered an estimated $1.796 billion in net outflows for the week ended October 15. That's up by $1.064 billion W/W.

*Editor's Note: The ICI folks note that they also regularly revise the 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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