Mutual Funds See $20.2 Billion Inflows in January
International/Global funds led the way with inflows of $13.4 billion on the month. The second most popular category was domestic equity, which saw inflows of $8.9 billion on the month, according to FRC.
By Morningstar category, the top performer on the month was moderate allocation, which saw $5.5 billion inflows in January. Following this was intermediate-term bonds, which saw $3.4 billion inflows.
The top fund group was American Funds, which saw $8.4 billion in inflows for the month. American’s Growth Fund America was the most popular individual fund, posting inflows of $2 billion. American Funds had six of the top seven funds on the month and leads the yearly inflow charts by a substantial margin over second-place The Vanguard Group.
The largest fund group by assets is still Vanguard . Following the mutual fund giant is Fidelity Investments and fast-growing American.
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