Once again, it was domestic equities that led net inflows among fund types, netting $16.8 billion in December following a $17.4 billion November inflow (See Domestic Equities Still Leading in November Fund Flows ) , while International/Global came in a distant second place in December, taking in $9.44 billion (following $3.35 November inflow). Otherwise, the only other positive inflow was noted in the $3.20 billion recorded among Corporate bonds while the other fund categories – Government and Tax-Free – recorded net outflows for the month of $3.38 billion and $1.71 billion, respectively, according to a Financial Research Corporation (FRC) report.
Per Morningstar fund category, it was moderate allocation that took the top prize, accumulating $4.61 billion in the month. This was followed by Large-Cap Value, gaining $3.92.billion in terms of net flows. The rest of the top five was composed of:
- International Bond – $2.57 billion
- Small-Cap Blend – $2.43 billion
- Foreign Large-Cap Value – $1.86 billion .
Fidelity Investments and Vanguard Group held the top fund group spots in December, with $615 billion and $612 billion, respectively. Behind the two sizeable fund families in the total asset race were:
- American Funds – $485 billion
- Franklin Distributors Inc. – $188 billion
- PIMCO Funds – $143 billion.
Among December best sellers was American Funds at the top, netting a $8.47 billion inflow. This was followed up by Fidelity’s $4.12 billion, PIMCO Funds’ $3.64 billion, Vanguard’s $3.6 billion, and Dimensional Fund Advisors’ $2.87 billion.
Year-to-date, the top five list showed American Funds on top with $65 billion in net flow, followed by:
- Fidelity – $26.7 billion
- PIMCO – $23.4 billion
- Vanguard – $35.8 billion
- Dimensional Fund Advisors – $6.18 billion.
In the top slots for December’s hot fund sellers were:
- American Funds Growth Fund – $1.94 billion
- Dodge & Cox’s Stock Fund – $1.68 billion
- PIMCO Total Return – $1.37 billion
- American Funds Balanced – $1.08 billion
- Fidelity Low-Priced Stock Fund – $914 million.