Fixed-Income Inflows Beat Equity Fund Inflows In March

BMO Capital Markets analysts David J Chiaverini and Richard Fellinger analyze fund flows to mutual funds and ETFs during the month of March in their April 16, 2014 research note covering the diversified financials industry in the US. Fixed income (mutual funds) makes a comeback In an interesting development, fixed income inflows to US mutual funds during March ($17.0 billion) surpassed equity fund inflows ($15.9 billion) for the first time since May 2013. Secondly, aggregate inflows to both equity mutual funds and ETFs during March, at $26.3 billion, were much lower than during February 2014 ($34.0 billion), and March 2013…