Mutual Funds Enjoy Big Comeback in April
An ICI news release said long-term funds – stock, bond, and hybrid funds – had a net inflow of $31.3 billion in April compared to a March outflow of $449 million.
class=”normal-1″> According to ICI, stock funds enjoyed a $12.2-billion asset infusion in April, compared to an outflow of $9.43 billion in March. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $5.99 billion for the month, while funds that invest primarily in the U.S. had an inflow of $6.22 billion.
class=”normal-1″> Hybrid funds posted an inflow of $2.31 billion in April, compared to an inflow of $193 million in March.
class=”normal-1″> Bond funds had a $16.7-billion April inflow compared to an inflow of $8.78 billion in March. Taxable bond funds had an inflow of $13.3 billion, while municipal bond funds had an inflow of $3.45 billion.
class=”normal-1″> The losers in April were money market funds which posted an outflow of $47.8 billion, compared to an inflow of $56.6 billion in March. Funds offered primarily to institutions had an outflow of $14.2 billion, and funds offered primarily to individuals had an outflow of $33.6 billion.
The ICI data is available at http://www.ici.org/stats/mf/trends_04_08.html .
You Might Also Like:
Mutual Funds See First Net Inflows in More Than 2 Years
Product and Service Launches
Target-Date Assets Reach Record High $3.5 Trillion in 2023
« Forward Management Introduces Institutional Share Class to Funds