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.”
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