Bond funds pulled in $7.8 billion in April, while hybrid funds boasted a $3.16 billion inflow and money market funds leaked $19.5 billion.
Of the equity fund inflows, domestic stock funds attracted $11.08 billion, down substantially from $26.6 billion in March, while international stock funds had $678 million of new money during the month. The overseas funds figure was down from a $2.97 billion March inflow.
Overall, the combined assets of the nation’s mutual
funds were down $127 billion to $6.93 trillion. That is
down 1.7% from March, the ICI data shows.