By Morningstar category, Intermediate-Term Bond funds topped the chart with a net inflow of nearly $6 billion. Specialty-Natural Resources funds followed with a net intake of $3.9 billion, and World Allocation funds were third, taking in $3.6 billion.
As in April (see Investors Go International in April), international was the way to go again in May, as International/Global funds posted a $14.7 billion net inflow. Corporate funds saw a net inflow of $8.2 billion, followed by Equity funds, with a $5.6 billion net intake.
The Pimco Total Return Fund was the best seller for the month, posting a $2.1 billion net intake. Blackrock Global Allocation ($1.2 billion), American Capital World Growth & Income ($1.1 billion), Vanguard Total Bond ($1.1 billion), and American Growth Fund of America ($1.1 billion) rounded out the top five.
FRC data can be found at www.frcnet.com.