Stock and bond mutual funds posted net inflows of $18 billion in May, and domestic equity funds led the way with net intake of $11 billion, according to a news release issued by Financial Research Corp. International and global funds had net inflows of $9 billion for the month, the statement said. Large-cap blended funds had roughly $3.7 billion in net inflows for May, the highest of any sub-category.
State Street Global Advisors was the best-selling fund group in May, with about $6.8 billion in net inflows. For the year as of May 31, American Funds topped the list, with about $38 billion in net inflows.