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The Markets July 31, 2007
Mutual Funds Take In $23.3B in June
Stock and bond mutual funds experienced net inflows of $23.3 billion in June, according to data from the Financial Research Corporation (FRC).
Reported by Adrien Martin
International/Global funds were the front runners with net inflows of $16.1 billion, followed by Corporate funds with a $5-billion net intake and Government funds with a $2.8-billion inflow, according to the figures by FRC.
By Morningstar category, Intermediate Term Bond funds took in $5.6 billion in June, followed by Foreign Large Blend funds with $3.1 billion and Specialty-Natural Res funds with $2.3 billion.
Vanguard Group took the top spot in terms of the best-selling fund group with $5.8 billion in net inflows. American Funds followed with $4.5 billion in net inflows, followed by BNY Hamilton with $2.3 billion and Dodge & Cox with $1.9 billion.
Nasdaq-100 Trust 1 collected nearly $2.28 billion to lead the fund sales charts. Vanguard Total Stock Index followed closely with $2.2 billion and Dodge & Cox International Stock had with $1.7 billion.
FRC data can be found at www.frcnet.com.
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