Among the highlights in the FRC report:
- Intermediate-term government bond funds led the way during the month among the top 20 fund categories with $3.89 billion in net inflows ($29.42 billion year to date)
- The Vanguard Group ($446 billion) and Fidelity Investments ($433 billion) topped the fund group list in terms of assets
- PIMCO did the best among fund groups during the month in terms of monthly net inflows at $2.7 billion while Vanguard followed at $2.5 billion. Measured year to date; Vanguard was on top with $34.1 billion net inflow while American Funds followed closely with $31.2 billion.
- The PIMCO Total Return fund bested its peers among monthly net flows with $1.7 billion and hung onto the top spot with $11.9 billion year-to-date net inflow showing.
Fund categories also performing well in September, as measured by net flows, included:
- intermediate-term government ($3.7 billion)
- short-term bond ($2.5 billion)
- short-term government ($1.6 billion), and
- muni short-term ($977 million).
Behind Vanguard and Fidelity in the asset race were:
- American Funds ($296 billion),
- Franklin Distributors Inc. ($145 billion), and
- Putnam Investments ($130 billion).
Measured by monthly net flows, American Funds ($1.7 billion) followed PIMCO and Vanguard. Next were Dodge & Cox Funds ($872 million) and Franklin Distributors ($461 million).
Excluded from the report is all data from Money Market funds.