Equity funds were up 1.1%, $564 million, in May to $3.85 trillion (after a $22.96 billion April inflow) with hybrid funds following close behind with a 1%, or $2.28 billion, May jump to $456.9 billion (after a $4.58 billion April inflow), the ICI said.
Total return equity funds and world equity funds had inflows of $1.89 billion and $1.35 billion, respectively. Capital appreciation offerings had a $2.68 billion outflow after April’s $8.55 billion inflow.
Bonds funds suffered a $16.15 billion May setback after a $7.79 billion April outflow. Taxable bond funds were hit with an $11.15 billion May outflow. Money market funds had a net inflow of $6.54 billion in May, after April’s outflow of $46.3 billion.