Flows to mutual funds in May of $5.3 billion were the lowest in two years, Bloomberg reports, citing data from
Reflecting this, investors put $38.7 billion in money market funds, which are delivering an average yield of 4.45%.
Domestic stock funds took in $4.4 billion in May, down 37% from the $7 billion in net flows they saw in April, and international funds reaped $10.1 billion, down 55% from the $22.2 billion they took in the previous month.
Once again,