Fixed income funds, meanwhile, fell in popularity somewhat, but still continued to draw flows.
For the eighth consecutive month, investors were net purchasers of fund assets, adding $45.4 billion to stock and mixed-asset funds, and $17.5 billion to bond funds, according to Lipper data.
The U.S. Diversified Equity Funds macro-group saw inflows of $2.4 billion. But large-cap funds suffered their 45th consecutive month of net redemptions, saying goodbye to another $5.4 billion.
Exchange-traded funds too posted their fifteenth consecutive month of net inflows with $8.1 billion, among which $7.1 billion came from net sales for stock and mixed-asset funds. Bond ETF inflows fell to $1 billion as investors looked to lower their interest rate exposure.
Money market funds missed out on the love, with investors withdrawing a net $36 billion from those funds.
