At Thanksgiving, stock funds turkeys, bond funds stuffed

Investors continue to pull money out of stock funds and move money to bond funds, according to the most recent data from the Investment Company Institute. For the one-week period through Nov. 16, total estimated inflows to long-term mutual funds was $625 million, which included $6.5 billion of net inflows into bond funds and $1.3 billion worth of net outflows from equity funds. Equity funds, including foreign and domestic strategies, have experienced net outflows of $27.5 billion since the beginning of October. On a monthly basis, equity funds have not had net inflows since April, when the net total was $6 billion. Meanwhile, funds of taxable and municipal bonds have experienced six consecutive weeks of net inflows totaling $28.4 billion. Hybrid funds, which invest in both stocks and bonds, were the week's biggest loser, seeing net outflows of $4.6 billion and ending a five-week run of net inflows.