Stock and Bond Funds See Inflows in April

May 19, 2008 ( - Both stock and bond mutual funds experienced inflows in April, while money market funds saw seasonal withdrawals, according to data from Strategic Insight.

Equity fund net inflows reached an estimated $12 billion during April. Strategic Insight said about half of these net flows were to international / global equity funds, and domestic equity fund flows reflected gains in stock markets.

Bond fund inflows neared $20 billion in April, adding to the $51 billion in inflows during the first quarter. Most of the flows went to taxable bond funds, while tax-free bond funds gained about $4 billion during April.

Money market funds’ net redemptions were $42 billion for the month. Strategic Insight said this was likely mostly driven by payment of taxes.

Avi Nachmany, Strategic Insight’s Director of Research, commented in a press release: “The continuing recovery of global stock markets in May suggests further gains in fund flows during this month.”