Equity fund flows slowed to $9.9 billion in April, half of March's pace, marking the third month in a row they have declined 50% or more from their previous month's levels, Lipper reported.

In fact, April's net equity flows were only 80% of what they took in during January. Fixed income funds suffered net withdrawals of $9.2 billion, and money market funds also lost a net $45.3 billion, making for overall net withdrawals of $44.6 billion during the month.

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