March inflows to U.S. stock funds drop to $1.2 bln

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Monday April 05, 07:08

March inflows to U.S. stock funds drop to $1.2 bln

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Funds investing primarily in U.S. stocks took in $1.2 billion in new money in March, estimates Trim Tabs director of research Carl Wittnebert, down from inflows of $18.1 billion in February. For the week ending March 31, U.S. stock funds had outflows of $800 million, after losing $2.1 billion the week before. Meanwhile, international stock funds took in $400 million in new money last week, adding to the prior week's inflows of $400 million. Bond funds had outflows of $700 million, after suffering outflows of $1 billion the prior week.(Trim Tabs)

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