- ALTERNATIVE FUNDS REMAIN OUT OF FAVOR
- INVESTORS RETURN TO HIGH YIELD FUNDS
- WHAT HAS FIDELITY BEEN BUYING AND SELLING?
Equity mutual funds continued to shed assets in April, as investors rotated to both passive ETFs and active bond products. While the entire mutual fund industry, excluding money market funds, added $8.6 billion of new money last month due to strong bond fund inflows, equity products had $18.5 billion in outflows, according to Thomson Reuters Lipper data.
While the returns for many U.S. equity indices were positive for April, including the large-cap S&P 500's 0.3% and the mid-cap S&a...