Assets under management edge lower
Outflow from money market funds slows
AUM up $14.4 billion for the month
Overall net redemptions decline from May
Investor interest in long-term funds markedly higher than May
Slowdown in gross sales leave long-term funds with negative net sales
Market turmoil prompts redemptions
Dynamic Funds led overall sales
Events in Europe led to asset growth being essentially flat
Balanced and fixed income funds dominate sales in March