Long-term mutual funds saw the biggest net inflows in April since February 2007. According to estimates released Wednesday by Strategic Insight, investors put nearly $20 billion into stock and balanced funds and more than $30 billion into bond funds (these figures exclude ETFs but include VA funds).
So far in 2009, according to the research and consulting firm, net inflows to stock and bond funds exceeded $50 billion year-to-date, despite economic conditions.
Benefitting from the recovery of the stock and credit markets lately, assets managed in the U.S. mutual fund industry – including open- and closed-end funds and VA funds, but excluding ETFs – once again exceed $10 trillion, for the first time since September 2008, after expanding more than $500 billion since the end of March.