Net flows into mutual funds were positive in October, according to preliminary figures from
Intermediate-term bond funds, however, led all other categories for the third consecutive month, suggesting that investors retain a conservative bias. Those funds garnered net flows of $3.1 billion.
Stock funds did better overall than in September. Large-cap value funds were in second place with net flows of $2.1 billion, the only stock category in the top five. Trailing close behind were domestic hybrid, short-term bond and intermediate government funds, all with $2.0 billion in net flows. Equities claimed five of the top 10 fund categories, in contrast to September, when no equity fund category placed in the top 10.