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Rating:Munder Moves into the FRC Top 20 Not Rated 3.8 Email Routing List Email & Route  Print Print
Friday, January 04, 2008

Munder Moves into the FRC Top 20

Reported by Erin Kello

The numbers are in for mutual fund monthly flows for November 2007 and John Adams, CEO and CIO of Munder Capital Management, may want to pop open one of the champagne bottles left over from New Years.

For the first time this year the company has made FRC's top 20 list, coming in at number 20 with $300 million in net flows. This means Munder gathered over half its total inflows for the year in the month of November.

Another name that popped up that hasn't been on the list since April is BlackRock Funds. The complex gathered $335 million in inflows to capture the number 19 spot.

SSgA clawed its way back to the number one spot in November, gathering $6.09 billion in inflows. The company had fallen completely out of the top 20 in October.

Rounding out the top three spots were American Funds and Vanguard, with $4.72 billion and $4.41 billion in inflows each, respectively. 

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