The March decrease of $6.3 billion , or 0.1%, to $7.62 billion compares to February’s gain of $97 billion (See ICI: Mutual Fund Assets Higher in February ) and January’s 1.6% increase, according to data from the Investment Company Institute (ICI).
Stock funds enjoyed an inflow of $3.88 billion in March, down from the previous month’s showing of $3.89 billion.
The big winner was the taxable bond category, which increased 1.9% in March to $939 million.
The biggest losers were tax-free money funds, which lost 1% to $297 million, while hybrid funds were down 0.6% to $455 million and taxable money market funds fell 0.4% to $1.7 billion.
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