News Summary: Record mutual fund flows in 1Q

News Summary: Stock and bond mutual funds attract record amount of new cash in first quarter

Associated Press

GO WITH THE FLOW: Investors added a record amount of cash to mutual funds in the first quarter. Stock and bond funds attracted a combined $193 billion, industry consultant Strategic Insight said. That tops the previous record of $140 billion in net deposits during the first quarter of 2007.

ETF CASH HAUL: Including ETFs net deposits into funds totaled $246 billion during the first three months of the year, also a record.

TAKING STOCK: U.S. stock mutual funds are attracting cash at a fast clip this year, with $48 billion in net deposits.

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