Equity funds experienced net inflows of $21 billion in April, benefiting from a turnaround in investor confidence, according to Lipper of Summit, N.J. That comes after the largest net outflows from equity funds ever in March, according to Lipper.

U.S. diversified equity funds led all equity categories in net inflows in April with $13.8 billion, nearly two-thirds of the total, according to Lipper. World equity funds were second with $2.7 billion.

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