Despite market declines, equity funds fared reasonably well in April, garnering $11.76 billion in net inflows, according to the Investment Company Institute. Still, inflows were down 60% from March 2002, when investors poured a net $29.63 billion into stock funds, according to the ICI.

Although the S&P 500 Index dropped more than 5% and the NASDAQ was down about 11% in April, inflows into funds during the month were probably helped by the strength of the markets in March, according to Donald Cassidy, senior analyst at fund researcher Lipper of New York.

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