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.