While International/Global funds again led the list with net inflows of $22.9 billion, Domestic Equity funds came back to second place with a strong $13.4 billion net intake, Financial Research Corporation (FRC) data shows.
By Morningstar category, the $5.9 billion intake from Foreign large blend funds topped the February 2006 list, while Intermediate-Term Bond funds came in second with net inflows of $4 billion. Small blend ($3.8 billion), World Stock ($3.4 billion) and Moderate Allocation ($3.3 billion) rounded out the top five, according to the FRC data.
American Funds continued to be the top complex, posting net inflows of $7.1 billion for February. Barclays Global Investors followed with a gain of $5 billion, and Vanguard Group was not far behind with a gain of $4.7 billion.
The American Funds Growth Fund of America also continued to be the top selling portfolio, posting net inflows of $2.3 billion for February. However, the American Funds portfolios that finished up the top three for January were bumped down, as the State Street Global Advisors (SSgA) Select Sector Energy SPDR appeared as the second top selling portfolio with an intake of $2 billion.