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Rating:Three Firms Gobbled Half of Inflows in January Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, February 14, 2012

Three Firms Gobbled Half of Inflows in January

Reported by Neil Anderson, Managing Editor

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 [profile], which brought in $13.552 billion or 39.94 percent; JPMorgan [profile], $2.536 billion or 7.47 percent; and fixed-income star DoubleLine [profile], $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 [profile], 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 [profile] suffered another $5 billion in net outflows. 

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