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Investing March 24, 2009
Funds Suffer $18B Loss in February
September 24, 2008 (PLANSPONSOR.com) - Stock and
bond funds experienced net outflows of $18.1 billion in
February, reversing a $22.2-billion January inflow, according
to Financial Research Corporation data.
Reported by Fred Schneyer
An FRC news release said while Corporate Bond funds led the net inflow category with $10.6 billion, Domestic Equity funds experienced the largest net outflows with $22.8 billion. International/Global Equity saw a $12.5-billion outflow, and International/Global Fixed Income a $1.4-billion outflow.
By Morningstar category, Precious Metals lead the way with a $7.4-billion inflow, followed by Intermediate-Term Bond at $6.6 billion, Natural Resources at $3.1 billion, Municipal National Short at $1.8 billion, and Inflation-Protected Bond at $1.7 billion.
The best selling funds in February, according to FRC data, were the SSgA SPDR Gold Shares ETF with a $5.6-billion influx, followed by PIMCO Total Return at $3.7 billion and the Vanguard Group’s Total Stock Index fund at $1.5 billion.
According to FRC, Corporate Bond Funds also led the way in January, with $16.1 billion in inflows (see Mutual Funds See Inflows in January ).