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. 

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.

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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.

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