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The Markets July 8, 2011
Fixed Income Funds Draw In Investors in May
Stock and bond funds experienced net inflows of $12.4 billion in May, according to Financial Research Corporation (FRC).
Reported by Rebecca Moore
The Corporate objective posted a net inflow of $14.6 billion, followed by the International/Global Fixed Income objective with $5.6 billion. International/Global Equity drew in $3.2 billion, while Equity lost $13 billion.
By Morningstar category, Intermediate-Term Bond funds saw $5.2 billion in inflows in May, while World Bond funds posted a $3.8 billion net inflow and Multisector Bond funds posted $3.1 billion.
According to FRC data, Templeton Global Bond attracted $2.1 billion to lead the fund sales chart. Vanguard Total International Stock Index ($1.5 billion), Van Eck’s Market Vectors Agribusiness ($1.5 billion), PIMCO Total Return ($1.4 billion), and Vanguard Total Stock Market Index ($1.3 billion) rounded out the top five.
More information is at http://www.frcnet.com.