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Investing April 4, 2011
Strong Equity Inflows Seen in February
April 4, 2011 (PLANSPONSOR.com) – February stock and bond fund inflows were $31.9 billion, while equity objectives posted net inflows of $17.7 billion, followed by the corporate objective with $11.8 billion, according to new Financial Research Corporation (FRC) data.
Reported by Fred Schneyer
FRC said International/Global Equity saw $5.2 billion in inflows and International/Global Fixed Income were $3 billion over the month.
Fidelity Series Investment Grade Bond attracted $1.7 billion to lead the fund sales chart in February. SPDR S&P Energy State Street Global Advisors took in $ 1.6 billion and Templeton Global Bond Franklin Templeton Investment added $1.4 billion.
By Morningstar categories, leading the way in February was Natural Resources with $7 billion, Bank Loan $4.6 billion, and High Yield Bond $3.7 billion.
By fund family judging by assets, Vanguard Group finished February with $1.4 trillion, American Funds with $998 billion and Fidelity (combined) with $921 billion.
More information about FRC is www.frcnet.com.