International/Global funds led the way in November with net inflows of $6.4 billion, followed by Government funds with a $950 million net intake. The biggest loser was Domestic Equity, which suffered a $5.9 billion outflow, while Tax-Free Bond funds were hit with a $1.5 billion asset drain.
By Morningstar category, Intermediate-Term Bond funds were ahead of the pack over the month with a $5 billion asset advance, followed by World Bond at $2.5 billion, World Allocation at $2.4 billion, Large Blend at $2.02 billion, and Foreign Large Growth at $2 billion.
State Street Global Advisors topped all fund complexes with $6.1 billion of net November inflows, followed by American Funds with $4.7 billion, the Vanguard Group at $4.4 billion, PIMCO funds at $1.4 billion, and Natixis Global Associates at $1.3 billion.
State Street Global Advisors’ SPDR Trust collected $5.7 billion to lead the fund sales charts, followed by Vanguard Total Stock Index at $1.68 billion and PIMCO Total Return at $1.6 billion.
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