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 Investment Company Institute.

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 garnering a whopping $122.81 billion in January, the biggest amount since 1999.

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