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The Markets May 16, 2014
Equity Mutual Funds See Strong Inflows in April
Long-term funds netted $45.2 billion in April, bringing year-to-date intake to $176 billion.
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U.S. Equity ($13.2 billion) and International Equity ($18.9 billion) saw another month of strong net inflows, according to Strategic Insight, an Asset International company. Inflow leading strategies among active U.S. equity managers in April were Natural Resources ($1.7 billion), Flexible U.S. ($1.1 billion), and Income – Mixed ($1.1 billion). International Growth ($2.6 billion) and Emerging Market Equity ($1.6 billion) drove inflows to the International Equity space.
Taxable bond fund flows ($11.6 billion in aggregate) were led by the Corporate Bond General ($5 billion) and Strategic Income ($3 billion) objectives. Tax-free bond funds also saw inflows of $1.6 billion in April, with particularly strong inflows to the Muni National High Yield ($1.5 billion) and Muni National Intermediate ($783 million) objectives.
Money market funds shed $57.6 billion in April, bringing year-to-date net redemptions to $147.6 billion.
More information about Strategic Insight (SI) is at http://www.sionline.com. Subscribers may view SI’s Monthly Fund Industry Review here.