The combined assets of the nations mutual funds increased by $293.4 billion or 2.4% to $12.473 trillion in April, according to the Investment Company Institutes (ICI) official survey of the mutual fund industry.
In the survey, mutual fund companies report actual assets, sales, and redemptions to ICI.
Long-term funds, which include stock, bond, and hybrid funds, had a net inflow of $23.81 billion in April versus an inflow of $18.47 billion in March.
Stock funds posted an inflow of $6.58 billion in April, compared with an inflow of $2.11 billion in March.
Among stock funds, world equity funds, which are U.S. funds that invest primarily overseas, posted an inflow of $3.81 billion in April versus an inflow of $7.12 billion in March. Funds that invest primarily in the U.S. had an inflow of $2.78 billion in April versus an outflow of $5.01 billion in March.
Hybrid funds posted an inflow of $4.21 billion in April, compared with an inflow of $4.75 billion in March.
Bond funds had an inflow of $13.01 billion in April, compared with an inflow of $11.62 billion in March. Taxable bond funds had an inflow of $16.70 billion in April versus an inflow of $14.27 billion in March. Municipal bond funds had an outflow of $3.69 billion in April, compared with an outflow of $2.65 billion in March.
Money market funds had an outflow of $3.58 billion in April, compared with an outflow of $14.62 billion in March. Funds offered primarily to institutions had an inflow of $15.02 billion. Funds offered primarily to individuals had an outflow of $18.60 billion.
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