Rise in equity fund redemptions offsets gain in balanced fund sales
Bond and balanced funds lead the way
Bond and balanced funds score the biggest gains
Industry assets rise 1%
Equity fund redemptions spike to $1.6 billion
Year-to-date sales top $15 billion
Bond funds post record sales for first quarter
Money market funds remain in net redemptions
Flows out of long-term funds slowed to US$12 billion in the quarter
Bond fund sales up sharply from last year