WASHINGTON Investors put $19.25 billion of new money into stock funds in April after removing $20.57 billion in March, the Investment Company Institute reported.
The biggest increase was in stock funds, which drew $17.45 billion of new money in April, compared with an outflow of $15.68 billion in March. Retail money market funds had an outflow of $38.62 billion in April, against an inflow of $29.52 billion in March, the institute said. It noted that retail money funds have outflows in April because of investors tax payments.
Assets in all mutual funds grew 4.8%, to $6.945 trillion.