Mutual Fund Asset Growth Slows in April

This compares to a 1.5% increase in assets reported for March (See Fund Asset Growth Perks Up in March ). Growth for April was slower in all asset categories.

Long-term funds – stock, bond, and hybrid funds -had a net inflow of $27.88 billion in April versus a net inflow of $40.24 billion in March, according to the ICI data.

Stock funds posted an inflow of $26.38 billion in April, compared with an inflow of $34.36 billion in March. Among stock funds, US funds that invest primarily overseas posted an inflow of $18.35 billion in April, while funds that invest primarily in the US had an inflow of $8.03 billion.

Bond funds had an inflow of $1.09 billion in April, compared with an inflow of $5.26 billion in March. Taxable bond funds had an inflow of $1.34 billion in April, and Municipal bond funds had an outflow of $249 million in April, compared with an inflow of $1.24 billion in March.

Money market funds had an outflow of $27.13 billion in April, compared with an outflow of $8.29 billion in March. Funds offered primarily to institutions had an outflow of $21.52 billion, while funds offered primarily to individuals had an outflow of $5.61 billion.

Hybrid funds posted an inflow of $404 million in April, compared with an inflow of $620 million in March.