Mutual Funds Enjoy Big Comeback in April

Long-term funds—stock, bond, and hybrid funds—had a net inflow of $31.3 billion in April compared with a March outflow of $449 million, according to an ICI press release.

According to ICI, stock funds enjoyed a $12.2-billion asset infusion in April, compared with an outflow of $9.43 billion in March. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $5.99 billion for the month, while funds that invest primarily in the U.S. had an inflow of $6.22 billion.

Hybrid funds posted an inflow of $2.31 billion in April, compared with an inflow of $193 million in March.

Bond funds had a $16.7-billion April inflow compared to an inflow of $8.78 billion in March. Taxable bond funds had an inflow of $13.3 billion, while municipal bond funds had an inflow of $3.45 billion.

The losers in April were money market funds, which posted an outflow of $47.8 billion, compared with an inflow of $56.6 billion in March. Funds offered primarily to institutions had an outflow of $14.2 billion, and funds offered primarily to individuals had an outflow of $33.6 billion.

The ICI data is available here.