Mutual fund investors rolled some $2.0 billion into equity mutual funds for the week ended April 10, according to Jeff Tjornehoj Head of Americas Research at Lipper, who said that: “Lest anyone get too excited about the inflows, they were the lightest weekly net sales of this year.”
The top-selling Lipper fund category was emerging markets (+$527 million) as investors continued to prefer overseas equity funds to domestic ones, according to Tjornehoj.
Taxable bond fund investors pumped $1.9 billion into these funds, taking their year-to-date total to an estimated $88.0 billion—on track to exceed last year’s total of $257.8 billion.
