Stock, bond, and hybrid funds had a net inflow of $35.97 billion in May, versus an inflow of $31.26 billion in April (See Mutual Funds Enjoy Big Comeback in April ).
Money market funds were the big winners for the month posting a net inflow of $47.06 billion, compared with an outflow of $48.13 billion in April. Funds offered primarily to institutions had an inflow of $64.97 billion, while funds offered primarily to individuals had an outflow of $15.91 billion.
Bond funds saw a $17.65 billion net intake in May, compared with an inflow of $16.75 billion in April. Taxable bond funds had an inflow of $12.64 billion, and municipal bond funds had an inflow of $5.01 billion for the month.
Stock funds posted an inflow of $15.91 billion, adding to the inflow of $12.19 billion in April. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $8.39 billion in May, while funds that invest primarily in the U.S. had an inflow of $7.52 billion.
Hybrid funds posted an inflow of $2.41 billion for the month, compared with an inflow of $2.31 billion in April.
The ICI data is here .
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