mutual fund industry to its seventh straight month of net outflows, Investment News reports.

If counting the extra first two days of December, U.S. mutual funds lost a total $9.24 billion in the week ended Dec. 2, the highest rate of redemptions in almost two months.

In comparison, U.S.-listed ETFs and exchange traded notes posted net outflows of $238 million for the month of November. [ ETFs see November Outflows ]

However, like bond ETFs, bond mutual funds have brought in more assets. Bond funds added $1.16 billion last week while taxable-bond funds saw inflows of $709 million and muni-bonds attracted $449 million.

Investors have become wary of the equity market as concerns over the Eurozone’s financial crisis and a slowdown in the global economy has dampened the “risk-on” sentiment.

“In the current and extended low-yield environment, we believe that ETPs are attracting huge interest from investors who are eager to seek yield, manage their costs and generally have more control over their fixed income investments,” Kevin Feldman , a managing director BlackRock (NYSE: BLK - News), said in a Forbes article. [ S&P Sees ETFs taking Market Share from Mutual Funds ]

For more information on ETF flows, visit our ETF performance reports category .

Max Chen contributed to this article.