The Corporate Bond objective led the net inflow category with $19.9 billion, followed by the International/Global Equity objective with $10.3 billion. The Equity objective posted net inflows of $6.9 billion, and International/Global Fixed Income saw net inflows of $5 billion.
FRC data showed Tax-free Bond funds posted a $3 billion net inflow, while the Government Bond objective saw $700 million in net outflows for the month.
By Morningstar category, Intermediate-Term Bond took in $7.9 billion, Diversified Emerging Markets $7.8 billion, and Large Blend $6.5 billion.
The SPDR S&P 500 ETF attracted $9.9 billion to lead the fund sales chart, followed by Powershares QQQ Trust with $4 billion. PIMCO Total Return ($2.6 billion), Vanguard Emerging Markets Stock Index ETF ($2.3 billion), and Vanguard Total Bond II ($1.8 billion) rounded out the top five.The FRC data can be found at www.frcnet.com.
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