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FRC: Mutual Funds Rebounding

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Stock and bond mutual funds took in $70 billion more than investors took out in March, according to the Financial Research Corp.’s monthly study.

That was a substantial improvement over a net outflow of $6.1 billion reported by these fund groups in March 2009, reports FRC, Boston.

Corporate bond funds were the leading group in March 2010, with net inflows of $24.5 billion, compared to net inflows of $17.8 billion reported for funds in that category in March 2009. They were followed by domestic equity funds, which had net inflows of $18.2 billion in March, a significant advance over the same month a year earlier, when this fund group had net outflows of $19.7 billion.

FRC also reported a sharp turnaround for international-global equity funds, which had net inflows in March of around $11.5 billion, compared to a net outflow of almost $13 billion a year earlier.