Yesterday the Investment Company Institute (ICI) released weekly mutual fund flows for the week ending May 8th. Generally speaking, recent trends of huge outlfows from equity mutual funds and huge inflows to bond mutual funds have continued, with a few exceptions. Domestic large-cap equities saw an inflow (their first in the past sixteen weeks), as did both emerging and developed market equity funds focused on international markets. High yield bond funds continued to see outflows and flows into both global and domestic government bonds slowed. Muni bonds also continued to get huge flows, with one week flows in the 96th percentile of all periods.