News Summary: Record mutual fund flows in 1Q
News Summary: Stock and bond mutual funds attract record amount of new cash in first quarter
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.
