February was a tough month for fund flows in general.
January fund flows set a new monthly record with taxable bond funds continuing to dominate.
Despite an ongoing U.S. stock market rally, investors favored taxable-bond and international-equity funds last year.
Taxable bond funds enjoyed the greatest inflows in November while U.S. equity funds remained in redemption.
U.S. equity funds saw inflows in October, but those flows were still well behind those going to international-equity and taxable bond.
Taxable bond funds remained popular last month, and the sector equity category group took a surprising second place.
Large growth, large value, and high yield weren't among the cool kids in August.
U.S. stock funds suffered outflows in July, due largely to redemptions from actively managed funds.