Investors Favored International Equity in February

Net new investment to stock and bond funds totaled $56.7 billion in February, according to Strategic Insight, an Asset International company.

Net intake to equity products totaled $32.2 billion during the month, driven by a $23.1 billion inflow to international equity. Actively managed international equity funds attracted $6.9 billion in February, led by demand for emerging market equity ($1.3 billion).

Taxable bond funds attracted $30.8 billion during the month, with $10.1 billion of inflows to corporate high yield products.

The month’s fund returns were led by U.S. equity, which returned an average asset-weighted 5.2% during the month. International equity funds also fared well in February, returning an average 4.5%. Average taxable bond fund returns were flat at 0.1%, while tax-free bond funds shed 0.9% during the month.

Money Market fund net redemptions totaled $9.3 billion in February.

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