Investing May 30, 2002

Stock Fund Inflows Slow

May 30, 2002 (PLANSPONSOR.com) - Stock mutual funds attracted just $11.7 billion in new money in April, down significantly from the $29.6 billion in net inflows in March, according to data from the Investment Company Institute.
Reported by

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.

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