Assets in U.S. mutual funds declined 1.6% from March to April, to $7.919 trillion, the Investment Company Institute said.
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Net inflow to long-term funds - stock, bond, and hybrid - slipped 29.3%, to $12.56 billion, according to survey data the group released Thursday. Stock and hybrid funds also declined
Stock funds' net inflow dropped 42.1%, to $8.76 billion; those of hybrid funds dropped 32.8%, to $2.62 billion. Bond funds showed improvement; a net outflow of $1.29 billion in March turned into a net inflow of $1.18 billion in April.
The net outflow of money market funds jumped to $35.38 billion, from $2.28 billion in March.
