' Growth Fund of America gained $1.9 billion in net inflow in March, compared to $1.8 billion in February, according to data
released Monday by the Financial Research Corp.
American Balanced, The Income Fund of America, Capital World Growth & Income and Capital Income Builder led the list of the best selling funds, with net inflows totaling $4.2 billion for March. The fund group performed best overall, with $9.1 billion in net inflows for March 2004.
Following in second place for overall fund group was Vanguard
, with $7.5 billion in net inflows. Fidelity
gained $3.1 billion, Barclays
took in $3.0 billion, and PIMCO
added $2.4 billion.
American and Fidelity's net inflows were 51 percent of total fund inflows in March, unchanged from February.
Total inflows were $32.7 billion for March, down less than 1 percent from $33.0 billion in February.
Year to date, nine firms have captured over 90 percent of total inflows - American, Vanguard, Fidelity, Dodge & Cox, Barclays Global Investors, PIMCO, T. Rowe Price, Franklin, and Fidelity.
All results include only long-term equity and fixed-income funds. The data is gathered from Morningstar and from reports that the funds send to FRC.
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