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That was a drop from the $24.5 billion in net inflows to stock and bond funds in April. May’s numbers also marked the lowest volume of positive net flows since long-term mutual funds experienced net outflows in December 2011, according to Strategic Insight, an Asset International company. In May, domestic equity funds saw net outflows of nearly $5 billion, during a month of poor stock returns: the average U.S. stock mutual fund lost 4.2% in the month, on an asset-weighted basis. That brought total U.S. equity fund flows to -$7.4 billion for the first five months of 2012 – a sharp reversal from the first five months of 2011, when U.S. equity funds enjoyed cumulative net inflows of $40 billion. International/Global equity funds posted net inflows of $5 billion in May, but that was down from the $6.5 billion they took in the prior month. In the first five months of 2012, international equity funds drew aggregate net inflows of $27.6 billion.
That was a drop from the $24.5 billion in net inflows to stock and bond funds in April. May’s numbers also marked the lowest volume of positive net flows since long-term mutual funds experienced net outflows in December 2011, according to Strategic Insight, an Asset International company.
In May, domestic equity funds saw net outflows of nearly $5 billion, during a month of poor stock returns: the average U.S. stock mutual fund lost 4.2% in the month, on an asset-weighted basis. That brought total U.S. equity fund flows to -$7.4 billion for the first five months of 2012 – a sharp reversal from the first five months of 2011, when U.S. equity funds enjoyed cumulative net inflows of $40 billion.