Get more! Sign up for PLANSPONSOR newsletters.
Investing July 23, 2009
Investors Still Follow Bond Objective
July 23, 2009 (PLANSPONSOR.com) - Stock and bond
funds experienced net inflows of $41.6 billion in June,
according to the Financial Research Corporation
(FRC).
Reported by Rebecca Moore
The Corporate Bond objective led the net inflow category with $15.9 billion, followed by the Domestic Equity objective with $12.4 billion. The Tax-free Bond objective came in third with a net inflow of $6.8 billion.
By Morningstar category, Intermediate-Term Bond funds posted $8.9 billion in inflows for June, while Natural Resources and Short-Term Bond each pulled in $4.4 billion.
Once again, the PIMCO Total Return Fund was the best selling fund for the month (see May Fund Flows Follow Similar Path as in April ), gaining $3.3 billion in assets. Victoria Bay Asset Management’s United States Natural Gas Fund placed an unusual second with $1.5 billion in net inflows, followed by the Vanguard Total Bond II fund, also with $1.5 billion.
The FRC data is at www.frcnet.com .