Flows into stock funds mostly evaporated last week, and bond fund flows also fell, 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 $7.078 billion net flowed into ETFs and long-term, open-end mutual funds in the six days ended November 25, 2025. (Money-market funds and funds-of-funds, as well as non-'40-Act asset management products like CITs and separate accounts, are not included.) That's a $7.666-billion net flows drop week-over-week from the week ended on November 19* (and a $19.039 billion the November peak three weeks ago**), but it still extends the industry's inflows streak to 16 weeks and counting.

Traditional, long-term, open-end mutual funds suffered an estimated $23.158 billion in net outflows for the six days ended November 25, according to the ICI folks, up by $3.546 billion W/W. Meanwhile, ETFs brought in an estimated $30.236 billion in net inflows for the six days ended November 25, down by $4.12 billion W/W.

Fixed income led industry inflows yet again last week. Per ICI's data, an estimated $8.841 billion net flowed into bond funds and ETFs in the six days ended November 25 (down by $3.344 billion W/W). $7.535 billion of that (down by $3.796 billion W/W) flowed into taxable bond funds and ETFs, while $1.306 billion (up by $452 million W/W) flowed into municipal bond funds and muni ETFs.

Commodity funds (well, ETFs) climbed back into positive territory, bringing in an estimated $350 million in net inflows in the six days ended November 25. That's up by $405 million W/W.

Equity funds and ETFs brought in an estimated $124 million in net inflows in the six days ended November 25 (down by $5.404 billion W/W). Domestic equity funds and ETFs fell back into negative flows, suffering an estimated $3.052 billion in net outflows (a $5.066-billion net flows drop W/W), yet world equity funds and ETFs brought in $3.176 billion in net inflows (down by $338 million W/W).

On the flip side, hybrid funds and ETFs suffered an estimated $2.236 billion in net outflows for the six days ended November 25. That's down by $678 million W/W.

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

**Also, the new data is only for six days, not the usual seven days (i.e. one week) covered by ICI's weekly data releases. Thus, all of the week-to-week comparisons in this article compare a six-day period to a seven-day period, because that's the data available. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE