April 24, 2003 — Investors returned to stock mutual funds in March after shunning them the month before, while bond funds continued to rake in money, Financial Research Corp. reported.
Domestic stock funds netted about $2 billion last month after hemorrhaging $6.6 billion in February, the Boston-based fund tracker said.
Bond funds took in about $10.5 billion in March, led by corporate bond funds, which saw inflows of $7.6 billion. Government bond funds took in $2.8 billion.
The Vanguard Group was the top-selling fund complex last month, garnering $3.2 billion, and the Vanguard Total Stock Market Index/Inv (VTSMX), with inflows of an estimated $1.6 billion, was the best selling fund.