U.S. Mutual Funds Gathered $5.45 Billion Last Week, ICI Says

U.S. mutual funds had $5.45 billion in deposits last week, as investors continued to retreat from stocks while putting money into bonds.

Equity funds had $2.49 billion in redemptions in the week ended Oct. 24, the Investment Company Institute said today in an e-mailed statement. Bond funds attracted $6.62 billion, according the Washington-based trade group.

To contact the reporter on this story: Charles Stein in Boston at cstein4@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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