Mutual Funds Continue Robust Growth in September

October 27, 2005 ( - Stock and bond funds experienced a robust net inflow in September of $18.6 billion, following the $17 billion in inflows for August and $16 billion in July.

Once again the Financial Research Corporation (FRC) reports that International/Global funds led with $15.2 billion in inflows for the month, following the $11 billion reported for August (See  International/Global Funds Return for Repeat August Performance ).   Corporate fixed income funds reported inflows of $2.2 billion in September.   The FRC data noted by comparison that money market funds experienced a hefty decline of some $17 billion.

By Morningstar category, Intermediate Term Bond funds had estimated inflows of around $3.8 billion.   Foreign Large Blend came in second with almost $3 billion in inflows, while Moderate Allocation and Specialty-Natural Resources each reported inflows of almost $2.6 billion.

American Funds far outsold other fund groups again for the month of September with $6 billion in inflows.   Vanguard Group ($3.5 billion), Barclays Global Investors Funds ($2.2 billion), PIMCO Funds ($2.1 billion), and Dodge & Cox ($1.7 billion) rounded out the top five.

American Funds also had the top two selling portfolios for the month.   Its Growth Fund of America and Capital Income Builder had inflows of $1.5 billion and $1.4 billion respectively.   The PIMCO Total Return Fund and the American Funds Cap World Growth & Income were the third and fourth best selling portfolios reporting around $1.2 billion in inflows each.