Investing June 1, 2010

April Fund Inflows Pegged at $53.7B

June 1, 2010 (PLANSPONSOR.com) – Stock and bond funds experienced net inflows of $53.7 billion in April, according to the latest data from the Financial Research Corporation (FRC).
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April’s performance was down from March’s showing of a $70.5-billion inflow and up from April 2009 that saw a $42.8-billion influx, according to an FRC news release.

The Corporate Bond objective led the net inflow category with $17.1 billion, followed by the International/Global Equity objective with $16.2 billion and Equity with $12.1 billion.

PIMCO’s Total Return fund attracted $2.7 billion to lead the fund sales charts. That was followed by Templeton Global Bond fund with $1.89 billion. In the next three slots were Vanguard Total Stock Index at $1.6 billion, Vanguard EM Stock Idx; ETF at $1.45 billion and Vanguard Total Bond at $1.26 billion.

The top five fund families in terms of April 2010 assets were: The Vanguard Group at $1.22 trillion, American Funds at $934 billion, Fidelity Investments at $805 billion, BlackRock at $517 billion, and PIMCO at $363 billion.

In terms of Morningstar categories, Interrmediate-Term Bond led the way with $7.2 billion in inflows.

More information is at www.frcnet.com.

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