May, 30, 2002 — Stock funds witnessed a net inflow of $11.76-billion in April, down significantly from the $29.63-billion intake in March, according to data released by the Investment Company Institute (ICI).
Of the total, domestic equity funds were enriched by $11.08-billion in net cash in April, compared with an inflow of $26.66-billion in March. Stock funds that invest overseas had an inflow of $678-million in April, versus an inflow of $2.97-billion in March.
Cash going into bond funds (taxable and tax-exempt) accelerated in April. Fixed-income portfolios had a net inflow of $7.81-billion, compared with an inflow of $6.71-billion in March.
Hybrid funds had in inflow of $3.16-billion in April, compared with an inflow of $3.33 billion in March.