Mutual funds continue to attract cash in April

Published May 14, 2013 5:11pm ET



BOSTON (AP) — Mutual funds continued to attract cash in April, although the pace slowed from the record amount that flowed in during the first three months of the year. Investors also became more cautious, as bond funds attracted slightly more money than stock funds.

A net $39 billion was deposited into stock funds and bond funds during April, industry consultant Strategic Insight said on Tuesday. The first quarter total was $193 billion, topping the previous record of $140 billion set in early 2007.

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