Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Investors Turn Away from U.S. Equity in April
Net investment to equity funds totaled $14.4 billion during the month, driven by a $43.4 billion inflow to international equity. U.S. equity funds shed $29.1 billion during the month with outflows originating from both active mutual funds and index ETFs alike.
International equity has been a top draw for investors the past two months, according to Strategic Insight data.
Taxable bond funds attracted $12.7 billion during April on $4.3 billion of inflows to global bond products. Money market fund net redemptions totaled $77.8 billion for the month.
Average one-month April fund returns for international equity strategies were strong at 3.6%, Strategic Insight reports. U.S. equity and taxable bond fund average returns were modest in April at 0.4% and 0.2%, respectively. Tax-free bond fund returns were lower on average, declining by 0.5%.
More information about Strategic Insight is at www.sionline.com.
You Might Also Like:
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/01/03144712/PA-010324-Doll-Predictions-2024-1736507783-web-432x243.jpg)
Crossmark’s Doll Projects Long-Predicted Recession to Materialize in 2024
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2023/12/19124740/PA-121923-Vanguard-New-FA-Head-1254563152-web-432x243.jpg)
Doll Scores 50/50 on 2023 Predictions
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2023/01/03121716/PA-010322-2023-Doll-Prediction-1436332844-web-450x315.jpg)