There are indications that, despite the high market volatility in April, investors did not panic and that as much as $34.3 billion in net new money flowed into equity funds.

Investor confidence in April is notable, given that the average equity fund declined 4.67 percent, the Nasdaq Composite Index dropped 15.57 percent and the S&P 500 Index dipped 3.01 percent, according to Lipper of Summit, N.J.

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