Investors charged back into taxable bond funds after a significant pullback in early March, according to the latest statistics from the Investment Company Institute. For the week ended March 20, investors steered an estimated $6.23 billion into taxable bond funds, more the three times the $1.97 billion they put into the funds a week earlier.
The funds were the largest recipients of inflows for the week. Equity funds came in second, taking in an estimated $5.0 billion, up 29% from $3.86 billion from the week before. Of the $5.0 billion, an estimated $3.75 billion went to global equity funds with the remaining $1.25 billion going to U.S. funds.
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