The MarketsAugust 5, 2010

June Fund Flows Reported at $25B

Stock and bond funds experienced June net inflows of $25.5 billion according to new Financial Research Corporation (FRC) data.

Reported by Fred Schneyer

FRC said the Corporate Bond objective led the net inflow category with $12.5 billion, followed by the Government Bond objective with $4.2 billion, International/Global Fixed Income with $3.9 billion, Tax Free Bond funds at $3.8 billion, and International/Global Equity at $1.6 billion. Equity funds in June showed a $546-million outflow.

Classified by Morningstar category, Intermediate-Term Bond led the way with a $4.9-billion June inflows followed by Diversified Emerging Markets ($4.52 billion), Short-term Bond ($4.5 billion), Large Blend ($3.2 billion), and Equity Precious Metals ($2.8 billion).

FRC data showed that PIMCO’s Total Return fund attracted $2.4 billion to lead the fund sales chart, followed by State Street Global Advisors’ SPDR Gold Shares ($2.3 billion), BlackRock’s iShares MSCI Emerging Market fund ($1.7 billion), State Street’s SPDR S&P 500 ETF ($1.6 billion), and The Vanguard Group’s Total Stock Index ($1.5 billion).

Finally, The Vanguard Group ($1.14 trillion) and American Funds ($834 million) led the way in fund family asset size in June. Following them were Fidelity Investments ($727 million), BlackRock ($475 million), and PIMCO Funds ($373 million).

More information about FRC is at http://www.frcnet.com/.