FRC data shows International/Global funds led the way with net inflows of $25 billion, followed by Corporate funds with a $9.8 billion net intake. The April showing was the second straight month with a healthy net asset intake. March generated a $36.4 billion advance (See Funds See $36B in March Inflows ).
By Morningstar category, Intermediate-Term Bond Funds led the way with a $6.2 billion inflow, followed by Foreign Large Blend at $4.2 billion, Foreign Large Value at $4.1 billion, World Stock at $2.9 billion and Foreign Large Growth at $2.7 billion.
In April, American Funds was the best selling fund family with a $7.6 billion net inflow, followed by $6.5 billion from The Vanguard Group and $164 million from Fidelity, according to the FRC data.
In terms of assets, in April, American Funds sat atop the list at $1.06 trillion followed by Vanguard’s $1.02 trillion.
iShares Russell 2000 Index collected $2 billion to lead the fund sales charts, followed by American Capital Income Builder at $1.8 billion and iShares MSCI EAFE Idx at $1.7 billion.
FRC data can be found at www.frcnet.com .