Equity Funds Experienced Outflows in May

Long-term funds netted $39.2 billion in May, increasing the year-to-date intake to $215 billion, according to Strategic Insight (SI).

SI, an Asset International company, also finds that for May, U.S. Equity funds (-$2 billion) experienced their first aggregate net outflows since January, while International Equity ($16 billion) saw another month of consistent net investment.

Inflow leading strategies among active U.S. equity managers in April were Natural Resources ($1.8 billion), Income-Mixed ($1.3 billion) and Real Estate ($1.1 billion). International Total Return ($1.8 billion) and Emerging Market Equity ($1.8 billion) drove inflows to the International Equity space.

Taxable bond fund flows ($21 billion) were led by the Government Intermediate Maturity ($5.3 billion) and Corporate Bond General ($3 billion) objectives in May. Tax-free bond funds saw significant inflows of $4.1 billion in May, led by the Muni National High Yield ($1.6 billion) objective.

Money market funds collected $6.5 billion in May.

More information about Strategic Insight (SI) is athttp://www.sionline.com. Subscribers may view SI’s Monthly Fund Industry Review here.