Of the 20 funds that have seen the highest outflows this year, nine are offered by
Fidelity.
Morningstar reports that fellow fund heavyweights
American Funds and
Vanguard each had two of the top 20 outflow spots. Morningstar notes that most of the list is made up of large blend and large growth funds, as "large-growth underperformers ... are apt to be in the red."
Fidelity Magellan tops the 2006 YTD net redemptions list with outflows of $6.3 billion so far.
American Century Ultra (net outflows of $3.9 billion),
American Funds Washington Mutual ($3.7 billion),
Vanguard 500 Index ($3.4 billion) and
Fidelity Low-Priced Stock ($2.4 billion) round out the top five.
The rest of the top 20 net outflow funds for 2006 is:
6)
Templeton Foreign ($2.3 billion)
7)
Fidelity Growth & Income ($2.2 billion)
8)
AIM Constellation ($2.1 billion)
9)
Fidelity Blue Chip Growth ($1.9 billion)
10)
Fidelity ($1.8 billion)
11)
American Funds Investment Company of America ($1.7 billion)
12)
Fidelity Puritan ($1.6 billion)
13)
PIMCO Low Duration ($1.5 billion)
14)
Putnam Fund for Growth & Income ($1.5 billion)
15)
Morgan Stanley Institutional International Equity ($1.5 billion)
16)
Fidelity Equity-Income ($1.5 billion)
17)
Fidelity Dividend Growth ($1.4 billion)
18)
Putnam Voyager ($1.4 billion)
19)
Oppenheimer Capital Appreciation ($1.3 billion)
20)
Vanguard GNMA ($1.2 billion)
 
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