Global long-term fund flows through April reached $270 billion, according to Strategic Insight’s “Global Mutual Fund Review April 2011, New & Top Selling Funds, Leading Managers.”

This puts the industry on track for another year of record cash flows, Strategic Insight said. Total flows should be between $750 billion to $1 trillion, estimated Daniel Enskat, head of global consulting at Strategic Insight. He also noted that equity funds, having taken in $125 billion in the four months through April, have been “a main driver of flows” so far this year.

In the U.S., long-term funds attracted $171 billion of inflows in the first four months.

“The first few months of 2011 brought a wide range of interesting and diverse fund launches by region,” Enskat added. “In Asia, China’s top themes include socially responsible investing, capital protection, passive equity and stable income. In Europe, the largest gains are around capital protection via bank distribution. On a cross-border basis, emerging market local currency debt, absolute return, lifecycle funds and renminbi bonds led the way for cash flows.”

Franklin Templeton continues to be the top cross-border manager that is attracting the greatest inflows, follows by BlackRock and JPMorgan.