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Portfolio > ETFs

Investors Return to U.S. Stock Funds and ETFs

By Staff Writer

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Money poured into domestic stock funds in May after leaking out a month earlier.

Mutual funds and exchange-traded funds that buy U.S. stocks took in just over $11 billion last month after suffering redemptions of $495 million in April, fund tracker Financial Research Corp. reported on Tuesday.

International and global funds recorded inflows of $9.3 billion in May, up from $8.6 billion a month earlier.

Among fixed-income investments, investors pulled about $1 billion out of corporate bond funds after putting about $1.3 billion into them in April. Redemptions in government bond funds increased to $1.7 billion from $664 million. Municipal bond funds saw inflows of $736 million, compared to outflows of $629 million in April.

State Street Global Advisors was the top selling fund complex in May. The Boston-based company raked in about $6.8 billion. State Street Global’s S&P Depository Receipt (SPY), an ETF that tracks the S&P 500, was the best selling fund, netting $4.4 billion.

American Funds, which took in $5.6 billion, was the second-best selling fund company. It was trailed by ETF powerhouse Barclays Global Investors ($4.2 billion), Vanguard Group ($2.3 billion) and Pimco Funds ($1.9 billion).

Another ETF, Barclays’s iShares Russell 2000 Index Trust (IWM), took in $2 billion to rank second in sales among individual funds. Three American funds held the third, fourth and fifth slots. Capital Income Builder Fund/A (CAIBX) recorded inflows of $1.3 billion. Capital World Growth and Income Fund/A (CWGIX) and Growth Fund of America/A (AGTHX) netted $1 billion and $984 million, respectively.

Contact Bob Keane with questions or comments at: .

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