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The Markets April 5, 2011
February Sees Strong Equity Inflows
Stock and bond fund inflows were $31.9 billion, while
equities posted net inflows of $17.7 billion, according to Financial
Research Corporation (FRC) data.
Reported by Fred Schneyer
FRC said corporate objectives brought in $11.8 billion, International/Global Equity saw $5.2 billion in inflows and International/Global Fixed Income were $3 billion in February.
Fidelity Series Investment Grade Bond attracted $1.7 billion to lead the fund sales chart in February. SPDR S&P Energy State Street Global Advisors took in $ 1.6 billion and Templeton Global Bond Franklin Templeton Investment added $1.4 billion.
By Morningstar categories, leading the way in February was Natural Resources with $7 billion, Bank Loan $4.6 billion, and High Yield Bond $3.7 billion.
By fund family judging by assets, Vanguard Group finished February with $1.4 trillion, American Funds with $998 billion and Fidelity (combined) with $921 billion.