Mutual funds and exchange-traded funds, excluding money market funds, recorded net inflows of $4.5 billion for the week ended March 27, according to Lipper. Overall, equity funds contributed $740 million in net sales bringing their 2013 total to $75.2 billion.
Mutual funds ended the week with net inflows of $2.3 billion$640 million domestic, $1.6 billion nondomestic. Taxable bond funds also reported their twelfth straight week of net sales; they added approximately $3.8 billion to their accounts. Investors continued to show preference for bank loan products (+$1.3 billion), bringing the YTD total for the floating-rate bond group to $15.2 billion and surpassing its $12.2 billion total for all of 2012, according to Matthew Lemieux of Lipper.
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