The fund flow data from SI, an Asset International company, indicated that $29 billion went to U.S funds, $18 billion to International/Offshore funds, $8 billion to Europe Local Funds, and $4 billion to Asia funds.
U.S. Equity gave up $11.1 billion over the month, International/Global Equity advanced slightly with $0.7 billion, while Mixed/Allocation fell back by $0.3 billion for a U.S. Equity total net $10.7 billion outflow.
Meanwhile, on the fixed income side, SI said U.S. Tax-Free Bonds marched forward by $3.8 billion and Taxable Bond funds enjoyed a $26.2-billion inflow for a Fixed Income net inflow total of $30 billion and an overall U.S. fund total net inflow of $19.3 billion.
Among U.K. funds, Equity offerings pulled in £3 billion, Mixed Funds advanced slightly with £0.2 billion, while bond funds were ahead by £1.2 billion and Other fixed-income offerings saw a £0.6 billion inflow.
Globally, money market funds experienced $11 billion in net redemptions during the month, SI said.
More information about SI is at http://www.sionline.com/.