May 27, 2003 — Investors poured money into stock mutual funds last month while bond fund inflows remained strong.

Domestic equity funds drew $12.2 billion in April, a six-fold increase over March, according to Financial Research Corp., which tracks fund flows.

Bond funds raked in $9 billion last month, led by those that invest in corporate bonds, which netted approximately $8.9 billion, the Boston-based company said. By comparison, bond funds attracted about $10.5 billion in March.

American Funds topped all fund complexes in sales last month, garnering $5.1 billion, as three of its funds led sales of individual funds.

Vanguard Group took second place in fund family sales with $2.95 billion. It was trailed by Pacific Investment Management Co., known as PIMCO, which took in $2.6 billion; Fidelity Investments, which attracted $2.4 billion; and T.Rowe Price Group (TROW), which saw inflows of $903 million.

American’s Growth Fund of America/A (AGTHX) was the best selling fund last month, attracting $926 million. It was followed by the company’s Capital Income Builder Fund/A (CAIBX), which took in $786 million, and its Income Fund of America/A (AMECX), which attracted $631 million.

Two PIMCO funds rounded out the five top selling funds: PIMCO Funds:High Yield Fund/A (PHDAX) took in $619 million to claim fourth place, edging out PIMCO Funds:Total Return Fund/A (PTTAX), which attracted $618 million.