May 27, 2003 at 08:00 PM
NU Online News Service, May 27, 2003, 5:21 p.m. EDT – Stock and bond funds showed solid gains in April, according to Financial Research Corp., Boston.
Stock and bond funds attracted $24.7 billion more cash last month than they lost, up from a net inflow of $22.1 billion in April 2002, FRC says.
Net inflows at domestic stock funds fell to $12.2 billion, down from $14.2 billion in April 2002, but net inflows at corporate bond funds increased to $8.9 billion, from $7.8 billion.
Net inflows at government bond funds fell to $582 million, from $2.7 billion, FRC says.
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