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
Clients are taking a conservative approach to their savings
Bond funds were the top-selling asset class
Investors favour bond and balanced funds