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Investing April 20, 2005
Investors Put $30 Billion in Stock and Balanced Funds in March
April 20, 2005 (PLANSPONSOR.com) - Initial reports
reveal that in March, stock fund investors added nearly $30
billion to stock and balanced funds.
Reported by Kip McDaniel
Despite stock market uncertainties, Strategic Insight’s Simfund database shows that while flows subsided in April, the underlying theme of “stock mutual funds for the long term” was once again demonstrated as markets sank and investors stayed the course.
In March, the firm estimates the bond fund flows were
minimal in aggregate, with inflows into shorter duration
and lower volatility US
bond funds and international bond funds being matched
by redemptions of corporate high-yield
funds.
“Flows into international equity funds matched
those into US equity funds,and such diversification efforts are expected to
continue,” commented AviNachmany, Strategic Insight’s Director of
Research, in a press release. “Also
reflectingprudent interest in asset allocation, inflows into
fund-of-funds exceeded $6billion during March, and reached about $20 billion
for the quarter, a paceone-third faster than the dramatic record flows to
such funds last year.”
The actual figures for the month’s mutual fund
flows will be released Thursday, April 21.
Strategic Insight is a research firm for the mutual fund
and wealth management industry.
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