Morningstar (MORN) says investors added close to $28 billion to long-term mutual funds in April. The fund flows included strong movement to both equity and bond funds.
There’s more bad news than good in the latest data, however, for PIMCO. Overall, the bond shop had net outflows of $5.5 billion last month, bringing its year-to-date outflows to some $21 billion.
On the bright side, the PIMCO Income Fund had $951 million of inflows.
Still, Morningstar points out, the fixed-income fund group has lost nearly $80 billion to outflows over the past 12 months.
In contrast, Vanguard has seen its total fund flows jump $10.1 billion in April and $45.6 billion from January to April of this year.
The top fund for flows in April was the Vanguard Total Stock Fund, which attracted $3.6 billion in April and $12.3 billion year to date.
In contrast, the flagship PIMCO Total Return Fund had net outflows of $3.1 billion in April. Its outflows for the first four months of the year surpass $11 billion.
Not all bond funds are having bad times.
“After notable outflows last year, core, intermediate-term bond funds saw their second consecutive month of inflows, bringing in $3.3 billion in April,” said Morningstar analyst Michael Rawson, CFA, in a report released Tuesday, which updates its May 2 estimates.
Municipal-bond funds collected $1.3 billion for their fourth straight month of inflows.