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.
Earlier this month, Lipper of New York estimated that Aprils flows reached $14.9 billion and Strategic Insight said flows into stock funds were $21 billion [See MFMN 5/16/01].