Investors tired of miniscule returns from their money market accounts and intrigued by small-cap funds in a variety of industries pumped more than $11.3 billion into diversified U.S. equity mutual funds in the first quarter and more than $14.8 billion into global sector funds.
This spike in mutual fund inflows was especially pronounced among small-cap funds, according to data S&P obtained from Lipper, as all three small-cap peer groups garnered inflows in excess of $1 billion in the first three months of the year with small-cap core and small-cap growth funds receiving inflows of $3.6 billion and $1.6 billion, respectively.
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