Inflows into equity funds in April were not quite as high as was predicted. However, considering Aprils market declines, they were still encouraging. Stock funds had an inflow of $11.76 billion in April, according to the Investment Company Institute. In March, equity funds had inflows of $29.63 billion.
The majority of last months equity inflows went into domestic funds, which garnered a net $11.08 billion, according to the ICI. International equity funds experienced slight inflows of $678 million.
Bond funds had net inflows of $7.81 billion in April, after inflows of $6.71 in March, the ICI reported. Hybrid funds experienced inflows of $3.16 billion.
After having an outflow of more than $50 billion in March, money market funds continued to lose money in April. Nearly $20 billion flowed out of money funds last month. Both Lipper and Strategic Insight cited seasonal redemptions in order to pay taxes as a major factor for the outflows.