In May, stock and bond mutual funds, including exchange-traded funds attracted $56 billion of net inflows bringing total net intake for the first five months to about $350 billion, according to data from Strategic Insight.

Mutual funds alone drew in $35 billion of net flows in May, driven by nearly equal demand for stock and bond funds. In May, taxable bond funds sustained another month of near $20 billion in net demand, bringing year-to-date net intake to $115 billion. Recently, though, certain bond funds experienced redemptions triggered by expectations of rising interest rates and NAV losses for some bond funds.

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