Long-term mutual funds saw estimated outflows of $5.51 billion in the week ended September 28, according to a Investment Company Institute report. Equity funds witnessed estimated outflows of $6.48 billion for the week, in comparison to outflows of $2.78 billion in the earlier week. Investors withdrew $5.67 billion from domestic equity funds and $802 million from foreign equity funds.

Hybrid funds, which can invest in stocks and fixed-income securities, suffered estimated outflows of $2.57 billion for the week, compared to the estimated inflows of $1.41 billion in the former week. Investors put $3.54 billion into bond funds, compared to an estimated $1.72 billion in the preceding week.

Click here for the release from Investment Company Institute.