International Equity Beats Bond for Top Fund Flow Spot in October

December 13, 2010 ( - Stock and bond funds experienced net inflows of $40.2 billion in October, according to data from the Financial Research Corporation (FRC).

International/Global Equity objective posted net inflow of $18.5 billion, followed by the Corporate Bond objective with $14.5 billion. International Fixed Income funds saw a near $6 billion inflow, while the Tax-Free Bond objective took in a net $1.9 billion and the Government Bond objective took in $371 million. Domestic Equity funds saw a net outflow of nearly $1.2 billion, the FRC data showed.  

By Morningstar category, Foreign Large Blend funds posted a net inflow of $10 billion, followed by Diversified Emerging Markets with $8.4 billion and Intermediate-Term Bond with $5.5 billion.  

Vanguard Total International Stock Index attracted $10.5 billion to sweep the lead of the fund sales chart. Vanguard Emerging Markets Stock Index; ETF came in a distant second with a $3.5 billion net inflow.  Templeton Global Bond ($1.7 billion), iShares MSCI Emerging Markets ($1.6 billion), and Oppenheimer Developed Markets ($1.3 billion) rounded out the top five.  

The FRC data is at