Investors Go International in April

International/global funds led the way with net inflows of $12.7 billion, followed by corporate funds with $7.0 billion, FRC data showed. Domestic equity funds reversed course, posting a net outflow of $1.7 billion in April after a revised net inflow of $17.6 billion in March.

By Morningstar category, Intermediate-term bond funds saw net flows of $5.9 billion in April, while world allocation funds posted a net $3.5 billion inflow. Foreign large-blend funds came in third with a $2.8 billion net inflow.

The PIMCO Total Return fund was the best selling fund for April, attracting $2.5 billion in assets for the month. The Vanguard Total Bond fund came in second, with a net inflow of $1.8 billion in April, followed by the iShares S&P 500 Index fund which gained $1.7 billion during the month.

Earlier this month, FRC announced net sales information will only be available on its site for paying subscribers (See FRC To Stop Disclosing Fund Sale Information for Public).

The Web site is www.frcnet.com.