Stock and bond funds in the United States experienced net inflows of $15.4 billion in July, reports the Financial Research Corporation. This is down 34 percent from inflow levels in June and 65 percent from last July, according to FRC data.
Overall flows, including outflows from money-market funds, were $12.7 billion in July.
In terms of broad categories, the corporate bond objective led the net inflow category with $17.9 billion, followed by the tax-free bond objective with $5.2 billion. Vanguard Emerging Markets Fund attracted $2.2 billion to lead the fund sales chart.