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.
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