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
AUM increase by $28 billion or 2.3% compared to April
AUM increase by $7 billion or 0.5% compared to March 2016
Industry assets under management grew to $1.234 trillion in March