Mutual Fund Flows Fall Off in March
Long-term funds – stock, bond, and hybrid funds – had a net inflow of $25.44 billion in March, a substantial drop from February’s inflow of $44.91 billion (See A Growing Appetite for U.S. Equity Funds?).
Stock funds saw an inflow of $8.20 billion in March, compared to an inflow of $26.29 billion in February. Among stock funds, world equity funds posted an inflow of $6.59 billion in March compared to an inflow of $15.74 billion in February.
The stock funds that invest primarily in the U.S. experienced an inflow of $1.61 billion for the month.
Hybrid funds posted an inflow of $2.68 billion in March, compared to an inflow of $3.56 billion in February.
Bond funds had an inflow of $14.57 billion in March, compared to an inflow of $15.06 billion in February. Taxable bond funds had an inflow of $11.72 billion in March, vs. an inflow of $11.94 billion in February. Municipal bond funds had an inflow of $2.85 billion in March, compared to an inflow of $3.13 billion in February.
Money market funds had an inflow of $25.92 billion in March, compared to an inflow of $34.42 billion in February.
Funds offered primarily to institutions had an inflow of $12.16 billion.
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