International/Global funds continued to stay on top with
a net inflow of $24.7 billion in January, down from the
$26.5 billion for the month before, followed by Domestic
Equity funds with a $13.7 billion net intake. Corporate
funds drew in a net $12.8 billion in January, while
Domestic Equity funds posted $5.6 billion in net inflows.
Government funds were the only asset category, which saw a
negative net flow for the month, decreasing $1.2 billion.
By Morningstar Category, Foreign Large Blend funds led the way taking in a net $7.3 billion, followed by Intermediate-Term Bond funds which took in $5.7 billion. Large Blend funds had a net intake of $4.8 billion, followed by Foreign Large Value ($4 billion), and Specialty-Real Estate ($3.5 billion).
The Vanguard Group led the pack as the best selling fund group with a net inflows of $11.7 billion in January, followed by American Funds, $10.1 billion; Dodge & Cox, $3.5 billion; T. Rowe Price Investment Services, $3.2 billion; and Fidelity Distributors, $2.7 billion.
Jumping to the top of the best selling funds list was Dodge & Cox’s Dodge & Cox International Stock fund, which took in a net $2.2 billion in January. The American Funds Growth fund followed with $2.18 billion, and the Vanguard Total Stock Index followed closely behind with $2.12 billion.
FRC data can be found at www.frcnet.com .
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