Even February’s showing (See FRC: February Fund Flow Loses Some Punch ) was down from January’s strongest-of-the-year performance, according to the FRC data.
In March, International/Global funds led the way with $20.1 billion in inflows while Domestic Equities ended the month with a $4.2 billion intake. Corporate bond funds showed a $3.41 billion influx in March while government bond funds gave back $275 million.
Per Morningstar fund category, it was Foreign Large-Cap Blend leading the way with a $5.83 billion March gain while Large Blend was close on its heels at $5.44 billion. Moderate Allocation funds got a $3.62 billion boost over the month while Foreign Large Growth was up by $3.27 billion and Intermediate Term bond was up by $2.9 billion.
Vanguard Group and American Funds held the top fund group spots in March, with $849 billion and $836 billion, respectively. Behind the two sizeable fund families in the March total asset race were:
- Fidelity Investments – $789 billion
- Franklin Distributors Inc. – $264 billion
- Barclays Global Investors Funds – $198 billion.
Among March best sellers was American Funds at the top, netting a $6.89 billion inflow. This was followed by Vanguard’s $6.6 billion, Barclays’ $4.17 billion and Fidelity’s $3 billion.
In the top slots for March hot fund sellers were:
- American Funds Growth Fund – $2.2 billion
- American Funds Capital World Growth and Income – $1.6 billion
- Dodge & Cox’s International Stock Fund – $1.2 billion.
The full report is here .