American Funds Still Top Seller in June

July 25, 2005 ( - Stock and bond funds had net inflows of $17 billion in June according to Financial Research Corporation's (FRC's) report of June 2005 Estimated Mutual Fund Net Flows.

Moderate Allocation, Intermediate-Term Bond, Large Value were the top selling mutual fund categories in June.   Moderate Allocation funds obtained a $3.8 billion inflow in June, while Intermediate-Term Bond, and Large Value funds followed with $2.5 billion and $2.3 billion respectively.   Specialty-technology, Small Blend and Specialty-health were the least favorite categories for investors, FRC reported.

American Funds was the top seller for June, taking in over $7 billion for the month, well ahead of Barclays Global Investors Funds’ second place of $4.6 billion.   American Funds remains the top seller for the year taking in $45 billion year to date.   Franklin Templeton Investments, Vanguard Group, and Pimco Funds rounded out the top five with inflows of $2 billion each for Franklin Templeton and Vanguard, and $1.4 billion for Pimco.

American Funds had the four top selling portfolios in June, all reporting inflows over a billion dollars.   The PIMCO Total Return Fund came in fifth with a monthly net inflow of $864 million.

Dodge & Cox and Lord Abett fared the worst of the fund managers listed with $363 million and $354 million in net inflows for the month.   Dodge & Cox is faring much worse than it did a year ago when it was reported to have $1.3 billion in net inflows for June 2004.