Long-term mutual fund flows in the US in April were a ‘healthy’ $37.8 billion, says Morningstar, a data provider.
But the flows continued to moderate from levels seen earlier this year, the provider adds.
Inflows for US equity funds slowed to $895 million, their lowest intake this year.
Despite tepid interest in core, intermediate-term bond funds, says Morningstar, taxable-bond funds overall took in $19.4 billion to mark their 20th consecutive month of inflows, though the bank-loan category outpaced them for the third month in a row.
International-equity funds saw the second-strongest inflows among category groups, with $8.4 billion.
Relative to assets, alternative funds had the strongest organic growth rate among category groups, taking in $3.8 billion.
©2013 funds europe
