Insurance companies and broker-dealers sold $7.4 billion million in annuity products in April, down from $7.7 billion in March, the Depository Trust & Clearing Corporation announced.
Outflows, however, decreased by more than 3% in April, to under $6.2 billion, compared with more than $1.3 billion in March. Net flows, the difference between funds added and withdrawn, decreased by almost 8% in April, to $1.2 billion, from $1.3 billion in March.
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