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.
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