The US mutual fund trade organisation said that bond funds saw estimated net inflows of $7.59 billion in the week ended 9th May, the most in five weeks. Domestic and global equity funds saw combined net outflows of $1.29 billion, an improvement from the previous week's outflows of $5.31 billion.
For their part, domestic equity funds saw net outflows of $2.4 billion in the latest week, extending the previous week's $5.5 billion of net outflows. Global equity funds saw inflows of $1.12 billion.
The S&P 500 Index declined 3.4% over the period in response to negative data on euro-zone business activity and fears that Greece would reject an international bailout. Weak figures for both the U.S. services sector and US jobs growth also dragged down markets.