Domestic Equity funds led the way with net inflows of $13.6 billion, followed by Corporate Funds with a $11.5 billion net intake, FRC said. International/Global funds had a $9.1 billion net intake.
By Morningstar category, Large Blend funds took in $6.5 billion in March, followed by Intermediate Term Bond funds with $5.5 billion, Moderate Allocation with $3.2 billion and Foreign Large Value at $2.5 billion.
American Funds edged out the Vanguard Group as the best-selling fund group in March with $7.2 billion while Vanguard ended the month with $6.5 billion. State Street Global Advisors followed at $5.7 billion, Franklin Templeton at $2.3 billion and Dodge & Cox at $2.2 billion.
Vanguard Total Stock Index collected nearly $2 billion to lead the fund sales charts. SPDR Trust followed at $1.8 billion, SSgA S&P 500 Index at $1.68 billion, and American Capital Income Builder at $1.61 billion.
FRC data can be found at www.frcnet.com .
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