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Equity Fund Inflows Decline

Cash inflows into equity funds declined 25 percent in May from April, according to Strategic Insight, a mutual fund research and consulting firm in New York. Inflows into large-cap growth funds were down 50 percent and down 40 percent into S&P 500 funds from the average monthly pace so far this year, Strategic Insight found.

The research firm said the data signals the beginning of a move away from large-cap growth funds to smaller cap, value and international equity funds, which had increased flows or substantially smaller outflows than in previous months, the research firm said.