Fund inflows hit $24.6 billion in March

Stock and bond funds posted net inflows of $24.6 billion in March, according to data from Financial Research Corp. of Boston. Domestic-equity funds had the strongest month, posting net inflows of $17.5 billion, followed by government funds, with nearly $3.0 billion in net inflows. Among the categories tracked by Morningstar Inc. of Chicago, large-blend funds had net inflows of $20.1 billion. Funds in the intermediate-term-bond and world bond categories rounded out the list, with $5 billion and $3.5 billion in net inflows, respectively. American Funds Investment Co. of Los Angeles led all companies, with $1.08 billion in new assets. The Vanguard Group Inc. of Malvern, Pa. and Fidelity Investments of Boston rounded out the top three, with $1.03 billion and $838 million in new assets, respectively.