Year-to-date net sales for the Valley Forge, Pa.-based company totaled $12.7 billion, swamping American Funds’ $5.52 billion in net sales according to Financial Research Corp.
Vanguard drew net sales of $3.36 billion in April, extending its three-month streak as the top-selling fund group, per Reuters. The American Funds racked up $1.57 billion sales in April.
PIMCO Advisors’ Total Return bond fund was again the best-selling individual mutual fund, racking up $954 million last month, and $4.07 billion year-to-date. PIMCO’s total family has drawn company-wide sales of $5.26 billion through April, including $1.28 billion last month.
Coming in second-place in April’s individual sales was the Van Kampen Emerging Growth Fund’s $834 million in net sales.
According to FRC figures, large-cap value funds were the top-selling fund category in April, generating net sales of $4.9 billion. The next highest category was large-cap growth funds, with $2.79 billion in net sales, reversing a $6.8 billion outflow in March.
No. 1 fund firm Fidelity posted $2.09 billion in net inflows last month, compared with a $2.96 billion outflow in March, while tech heavy Janus endured $317 million in net withdrawals in April, compared with a much steeper $2.59 billion outflow the month before.
– Nevin Adams email@example.com