US stock and bond funds experienced net inflows of $12 billion in June, according to data published yesterday by FRC. Domestic Equity funds led the way with net inflows of $8 billion, followed by International/Global with a $5.6 billion intake. American Funds topped all complexes with $6 billion of net inflows, while Growth Fund of America gathered an estimated $1.5 billion to lead the fund sales charts. The Mutual Fund Net Flows release includes ETFs in the universe of mutual funds.
US Mutual Funds Took In $12 Billion In June, Says FRC
US stock and bond funds experienced net inflows of $12 billion in June, according to data published yesterday by FRC. Domestic Equity funds led the way with net inflows of $8 billion, followed by International Global with a $5.6 billion
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