MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 27, 2004 In Flows Slow in April In flows to mutual funds during April by 25 percent from March levels, according to data released by BISYS group Financial Research Corporation (FRC). As expected, Capital Group's American Funds family maintained its top spot for both most flows in April and aggregate this year. American Funds pulled in $8.7 billion in April. But even the American Funds group wasn't immune to the industry's overall trend -- April flows were down five percent from March flows. The other top five fund families mostly suffered the same fate, with Vanguard's April flows down a whopping 62 percent at $4.7 billion, Barclays down seven percent at $2.7 billion and Fidelity's flow down 67 percent at $1.8 billion. T. Rowe Price was the exception with April flows up two percent at $1.9 billion. American Funds' The Growth Fund of America and The American Balanced Fund were April's first and second best selling funds with $1.9 billion and $1.5 billion in flows, respectively. Flows for the two funds were up two percent and 11 percent from March. Printed from: MFWire.com/story.asp?s=7285 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |