Industry inflows rose for a second week in a row, driven largely this time by higher commodity fund flows, 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 $18.819 billion net flowed into ETFs and long-term mutual funds for the week ended September 3. (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 $3.869-billion net flows increase week-over-week from the week ended on August 27* and extends the industry's inflows streak to four weeks and $68.749 billion.

Traditional, long-term, open-end mutual funds suffered an estimated $10.677 billion in net outflows for the week ended September 3, according to the ICI folks, down by $4.624 billion W/W. Meanwhile, ETFs brought in an estimated $29.495 billion in net inflows last week, down by $755 million W/W.

Most major fund categories netted inflows last week, with fixed income leading the way. Per ICI's data, $13.802 billion net flowed into bond funds and ETFs in the week ended September 3, up by $25 million W/W. $13.531 billion of that (up by $1.329 billion W/W) flowed into taxable bond funds, while $270 million (down by $1.305 billion W/W) went into municipal bond funds.

Commodity funds (all ETFs) brought in an estimated $4.316 billion in net inflows for the week ended September 3. That's up by $3.193 billion W/W.

Equity funds and ETFs brought in an estimated $1.772 billion in net inflows last week, up by $95 million W/W. Domestic equity funds brought in an estimated $2.706 billion in net inflows (up by $2.064 billion W/W), while world equity funds suffered an estimated $934 million in net outflows (a $1.969-billion net flows drop W/W).

Hybrid funds suffered an estimated $1.07 billion in net outflows last week. That's down by $557 million W/W.

*Editor's Note: The ICI folks note that they also revise 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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