Industry inflows climbed by about 19 percent last week, thanks largely to rising taxable fixed income flows and despite a stock fund flows reversal, 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 $23.232 billion net flowed into ETFs and long-term, open-end mutual funds in the week ended October 8. (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 $3.633-billion net flows jump week-over-week from the week ended on October 1*, and it extends the industry's inflows streak to nine weeks.

Traditional, long-term, open-end mutual funds suffered an estimated $16.322 billion in net outflows for the week ended October 1, according to the ICI folks, down by $3.984 billion W/W. Meanwhile, ETFs brought in an estimated $39.554 billion in net flows last week, down by $352 million W/W.

Fixed income dominated industry inflows yet again last week. Per ICI's data, an estimated $26.516 billion net flowed into bond funds and ETFs in the week ended October 8 (up by $16.58 billion W/W). $23.894 billion of that (up by $15.22 billion W/W) flowed into taxable bond funds and ETFs, while $2.622 billion (up by $1.36 billion W/W) flowed into municipal bond funds and muni ETFs.

Commodity funds (well, ETFs) brought in an estimated $577 million in net inflows for the week ended October 8. That's down by $3.751 billion W/W.

On the flip side, equity funds and ETFs suffered an estimated $3.129 billion in net outflows for the week ended October 8, a net flows drop of $9.309 billion W/W. Domestic equity funds and ETFs accounted by $3.133 billion of that (an $8.252-billion net flows drop W/W), while world equity funds and ETFs brought in $4 million in net inflows (down by $1.057 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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