Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Mutual Fund Flows Bounce Back in July
According to Morningstar, the $13.8 billion increase in flows from June to July was primarily attributable to a spike in taxable bond inflows, which more than doubled to $23.6 billion.
U.S. stock outflows declined slightly to $8.2 billion from $8.5 billion in June. If exchange-traded fund (ETF) inflows were included, then U.S. stock outflows were just $700 million in July.
Diversified emerging-market equity funds took in over $1.3 billion in July, but momentum has been slowing since February when the category welcomed nearly $3.2 billion in new money.
PIMCO ended Vanguard’s run at the top of the monthly leader board, absorbing nearly $6.6 billion in new money in July, led by its Total Return fund, which accounted for $2.1 billion in inflows. On the flip side, the American Funds extended its consecutive-outflows streak to 37 months, with nearly $4.2 billion exiting the family.
The complete report can be seen here.
You Might Also Like:
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/06/18132717/PAPS-061824-Vanguard-Reopening-Mutual-Funds-1336038230-web-432x243.jpg)
Vanguard Reopens Two Actively Managed Mutual Funds to New Investors
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/05/29103532/PA-052924-Mutual-Fund-Outflows-1212333891-web-432x243.jpg)
Investor Shifts Herald ‘Irreversible Decline’ for Mutual Funds
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/05/23164445/PAPS-052324-Change-in-Retirement-Approach-1196812497-web-432x243.jpg)