November Fund Trading Like the Rockets Red Glare
An FRC news release said that International/Global funds led the way in November with net inflows of $16.6 billion, followed by Domestic Equity funds with a $12 billion net intake. Corporate fixed income funds pulled a $1.6 billion inflow.
November’s strong showing outpaced October’s $27.5 billion showing (See Funds Roar to Life in October ).
Barclays Global Investors topped all fund complexes with $7.1 billion of net inflows in November, followed by the American Funds and the Vanguard Group. Fidelity and Franklin Templeton brought up the pack.
SSgA’s SPDR ETF collected an estimated $5.5 billion to lead the fund sales charts in November, followed by American’s Growth Fund of America and Capital World Growth and Income funds. Vanguard’s Institutional Total Bond Market and the Fidelity Contrafund brought up the pack.
Drilling down by Morningstar Category, Large Blend led the way in November with a $4.7 inflow, followed by Foreign Large Blend at $3.1 billion and Moderate Allocation at $3.08 billion.
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