April Positive for Fund Flows

May 29, 2002 (PLANSPONSOR.com) - Net flows into stock and bond funds totaled $22 billion during April 2002, slightly more than the $20.8 billion net intake in the same month in 2001, according to data from Financial Research Corporation (FRC).
  • domestic equity funds saw net inflows of $14.4 billion
  • bond funds took in $6.7 billion
  • global funds added $865 million.

Investors still show a healthy appetite for small cap stocks, with data from FRC showing these funds garnering $22.6 billion in net inflows. Small Value, Small Blend, and Small Growth proved to be the top-selling categories over the month.

In comparison,

  • Large-Cap funds took in $16.6 billion
  • Mid-Cap funds drew in $16.3 billion.

According to FRC, Vanguard and American Funds took the two top spots among the best-selling fund groups over the month.

The firms have remained the two top-selling fund groups in each month since October 2001. Year-to-date, the two firms have combined for $40 billion in net inflows, representing 39.4% of the industry’s net sales.

Dodge & Cox has also attracted its share of the flows. It generated $1 billion in April, its best monthly inflow total ever, to rank fifth among the best-selling complexes behind industry titans PIMCO and Fidelity Distributors.