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
“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.