You can now read 10 articles each month for free on BostonGlobe.com.

The Boston Globe

Business

Mutual funds attract record amount of cash in 1Q

The stock market hit a record high during the first quarter, and so did the flow of cash into mutual funds.

Stock funds and bond funds attracted a combined $193 billion in the first three months of 2012, industry consultant Strategic Insight said Wednesday. That tops the previous record of $140 billion in net deposits during 2007’s first quarter.

Loading comments...

You have reached the limit of 10 free articles a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than $1 a week