U.S. Mutual Funds Gathered $8.43 Billion Last Week, ICI Says

Mutual funds in the U.S. collected $8.43 billion in deposits last week, according to the Investment Company Institute.

Domestic stock funds had redemptions of $1.13 billion, while funds that invest globally got deposits of $2.18 billion in the week ended Feb. 27, ICI said today in an e-mailed statement. Taxable fixed-income funds took in $4.41 billion, the Washington-based trade group said.

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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