Fixed Income Mutual Funds Bounce Back After 7 Weeks Of Outflows

Fixed income mutual funds ended seven consecutive weeks of outflows on the strength of gains made by domestic taxable bond funds, according to a recent Morgan Stanley (NYSE:MS) report, offsetting outflows from municipal bonds caused by the fallout from Detroit’s bankruptcy. Equity Mutual Funds Total equity funds had inflows for the seventh straight week, and balanced funds entered their fourth week of inflows. Domestic equity continues to improve on the year with its sixth straight week of inflows, following nearly ten straight weeks of outflows. Equity mutual funds remained strong with $2.7 billion in inflows composed of $2.5 billion domestic…