Total net sales rose by 70% during the first four months of 2017 compared with the same period a year earlier, IFIC reports
Although balanced funds are still providing the majority of net sales, equity funds are showing signs of life while bond funds are also up
Long-term funds recorded $4.35 billion in net sales in January
However, net sales for all of 2016 dropped to $30.07 billion from $57.91 billion in 2015
Net redemptions of equity funds shrink
Year-to-date net sales are about half of what they were in 2015
Year-to-date net sales are $23.8 billion, down from $49.8 billion a year ago
Assets under management for the mutual funds industry reached $1.31 trillion last month
Industry assets under management rise to $1.3 trillion
Assets under management edge down from May