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The Markets October 20, 2010
Vanguard Sees Highest Fund Flows Year-to-Date
Vanguard topped the chart for fund flows year-to-date, according to a
recent report from Strategic Insight, an Asset International company.
Reported by Rebecca Moore
Taxable bond funds received the largest share of Vanguard’s $64.5 billion year-to-date inflows with $32.3 billion posted into this asset class. PIMCO/Allianz Global followed with $60.5 billion in year-to-date inflows, the majority of which also posted to the taxable bond asset class ($51.9 billion).
These are impressive numbers for the asset managers as there were $193.1 billion in net outflows year-to-date for all managers in SI’s analysis.
In September, State Street Global Advisors beat out all other asset managers with $14.7 billion in net inflows, according to the SI report. PIMCO/Global Allianz came in second with $6.3 billion, and Vanguard closely followed with $6 billion.
Vanguard is the largest fund manager with $1.5 trillion in assets and 12.96% of the market share. Fidelity ($1.3 trillion and 11.06%), American Funds ($936 billion and 8.27%), BlackRock ($753 billion and 6.65%), and PIMCO/Global Allianz ($458 billion and 4.04%) round out the top five.
The report, Mutual Fund Management Companies Rankings and Analysis, includes overall industry rankings, breakouts of intermediary-sold and directly-sold retail funds, as well as a section on exchange-traded products.