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The Markets May 9, 2011
Global/International Equity Funds Lead March Flows
Stock and bond funds experienced net inflows of $32.7 billion in March, according to Financial Research Corporation (FRC).
Reported by Rebecca Moore
The International/Global Equity objective posted a net inflow of $18.6 billion, followed by the corporate objective with $11.7 billion. International/Global Fixed Income saw a net $5.6 billion inflow.
By Morningstar category, Bank Loan, World Bond, and Diversified Emerging Markets led the charge, pulling in $4.4 billion, $4.3 billion, and $4.3 billion, respectively.
FRC data showed the Fidelity Series High Income attracted $8.6 billion to lead the fund sales chart. BlackRock’s iShares MSCI Japan Index and the Vanguard MSCI Emerging Markets ETF rounded out the top three, with $1.9 billion and $1.8 billion in inflows, respectively.
FRC data can be found at http://www.frcnet.com.