Mutual Funds See Net Outflow in June

International/Global Fixed Income objective posted net inflow of $5.7 billion, followed by the Government objective with $4.5 billion. International/Global Equity pulled in a net $2.5 billion, while Tax-Free posted a $2.2 billion net inflow.    

However, Domestic Equity posted an outflow of nearly $16 billion.  

By Morningstar category, World Bond and Immediate Term Bond funds topped the chart with $3.4 billion in net inflows. Multi Sector Bond and Diversified Emerging Markets funds each pulled in a net $3.1 billion. Emerging Markets Bond rounded out the top five with a net inflow of $2.6 billion.  

SPDR S&P 500 attracted $4.4 billion to lead the fund sales chart. Vanguard MSCI Emerging Markets and Templeton Global Bond were a distant second and third with net inflows of $2.5 billion and $2 billion, respectively.  Vanguard Total Stock Market Index ($1.7 billion) and American Funds Global Balanced ($1.3 billion) rounded out the top five.