Equity mutual funds took in net flows of $26.38 billion in April, down 23% from the $34.36 billion they reaped the month before, according to data from the
Investors cooled both to U.S. and world equity funds in the month, with U.S. equity funds taking in $8.03 billion, down 49% from the $15.66 billion they took in the month before. Flows to world equity funds dipped slightly to $18.35 billion in April, compared to $18.71 billion in March. Flows to this category have been falling of late, after taking in $122.81 billion in January, the biggest amount since 1999.
Investors also seemed to have less faith in bond funds, with these funds reaping $1.09 billion in April, down nearly 80% from the $5.26 billion they netted in March.
One fund company that did particularly well in April was