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Investing April 24, 2008
U.S. Equity Funds Make Comeback in March
April 24, 2008 (PLANSPONSOR.com) - Stock and bond
funds posted net inflows of $24.6 billion in March, according
to data from the Financial Research Corporation
(FRC).
Reported by Rebecca Moore
Domestic equity funds led the way with a $17.5 billion net inflow for the month, compared to a net outflow of $8.2 billion in February. Government funds came in second with a $2.9 billion net inflow. International/Global funds experience net inflows of $1.8 billion.
By Morningstar category, Large Blend funds saw $20.1 billion of net inflows in March, significantly higher than the category that saw the second largest net inflow – Intermediate-Term Bond funds with $5 billion.
The State Street Global Advisors SPDR Trust fund was by far the best seller for the month pulling in $14.7 billion in net flows, according to the FRC data. PIMCO Funds’ PIMCO Total Return fund came in a distant second with a net inflow of $2.9 billion, and Vanguard Group’s Vanguard Total Stock Index fund was third with $1.9 billion in net inflows.
The FRC data can be found at www.frcnet.com .