That was considerably ahead of September’s $15.9 billion showing, FRC said. International/Global Funds led the way in October with a $12.7 billion infusion, followed by Domestic Equity funds at a $11.8 billion net intake, FRC reported in a news release.
Drilling down by Morningstar Category, Moderate Allocation led the way with a $15.7 billion inflow in October, followed by Foreign Large Blend at $4.3 billion, Large Growth at $3.3 billion, Intermediate Term Bond at $2.8 billion and small blend at $2.7 billion.
John Hancock Funds had the top seller’s spot taking in $15 billion in October, followed by American Funds at $5.38 billion for the month, ahead of the $5.31 billion from Barclays Global Investors Funds, and the $2 billion from The Vanguard Group.
SPDRS was the top selling portfolio in October at $2.7 billion, followed by American Funds’ Growth Fund of America at $1.47 billion and iShares Russell 2000 Index with an infusion of $1.12 billion.