As markets rebounded in January, long-term (i.e. non-money-market) mutual funds brought boasted $33.927 billion in net inflows. According to Morningstar's latest Fund Flows Update
, 54.36 percent of that money flowed into just three firms: low-cost titan Vanguard
], which brought in $13.552 billion or 39.94 percent; JPMorgan
], $2.536 billion or 7.47 percent; and fixed-income star DoubleLine
], $2.358 billion or 6.95 percent.
That puts DoubleLine's one-year organic growth rate at 299.8 percent, followed by 14.2 percent for JPMorgan and 12.5 percent for Dimensonal Fund Advisors
], which added $2.004 billion in net inflows.
Meanwhile, U.S. stock funds bled $2.752 billion in net ouflows for the month, while $37.679 billion flowed out of money market funds. In its 31st consecutive month of outflows, American Funds
] suffered another $5 billion in net outflows.
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