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The Markets June 2, 2011
Investors Put More into Equities
Stock and bond funds experienced net inflows of $44.7 billion in April, according the Financial Research Corporation.
Reported by Rebecca Moore
Equity objective posted a net inflow of $15.4 billion, followed by the corporate objective with $14 billion, and international/global equity with $13 billion. The tax-free bond objective had a net outflow of $3.4 billion.
By Morningstar category, Diversified Emerging Markets topped the list with a net $4.7 billion gain, followed closely by Intermediate-Term Bond with $4.4 billion and Large Blend with $4.3 billion.
State Street’s SPDR S&P 500 ETF attracted $2.7 billion to lead the fund sales chart. The Powershares QQQ Trust 1 fund ($2.1 billion), BlackRock’s iShares MSCI Emerging Market ($1.8 billion), Templeton Global Bond ($1.7 billion), and Vanguard Total Stock Index ($1.5 billion) rounded out the top five best selling funds for April.