US investors sticking with bonds in April

Wall streetLong-term mutual fund flows in the US in April were a 'healthy' $37.8 billion, says Morningstar, a data provider.

But the flows continued to moderate from levels seen earlier this year, the provider adds.

Inflows for US equity funds slowed to $895 million, their lowest intake this year.

Despite tepid interest in core, intermediate-term bond funds, says Morningstar, taxable-bond funds overall took in $19.4 billion to mark their 20th consecutive month of inflows, though the bank-loan category outpaced them for the third month in a row.

International-equity funds saw the second-strongest inflows among category groups, with $8.4 billion.

Relative to assets, alternative funds had the strongest organic growth rate among category groups, taking in $3.8 billion.

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