Stock mutual funds saw $19.3 billion in net new cash flows during April, a turnaround from March's record decline in net flows, according to data released last week by the Investment Company Institute.

Roughly $83.5 billion in new stock fund sales were recorded in April - a slight decline from March's figure of $84.3 billion, but it was the decline in redemptions that helped produce the positive flows, according to the ICI.

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