While April inflows for long-term mutual funds stood at a healthy $37.8 billion, they continued to moderate from levels seen earlier this year, according to Morningstars report on estimated U.S. mutual fund asset flows through April 2013.
Inflows for U.S. equity funds slowed to $895 million, their lowest intake this year, according to Morningstar. Despite tepid interest in core, intermediate-term bond funds, taxable-bond funds overall took in $19.4 billion to mark their 20th consecutive month of inflows, the firm said.
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