MutualFundWire.com: Vanguard Wins the Month, Again
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MutualFundWire.com
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Thursday, May 16, 2013
Vanguard Wins the Month, Again
It's official, Vanguard kicked everyone's ass again.
According to April fund flow data released by Morningstar, the indexing giant garnered $10.42 billion in flows that month.
A full list of the firm data featured in the report is below:
Vanguard $10.492B
Fidelity$2.164B
American Funds ($2.269B)
Pimco $5.609B
Franklin $1.846B
T. Rowe Price ($1.151B)
J.P. Morgan $1.291B
Dimensional $1.333B
Oppenheimer $1.123B
BlackRock $0.755B
In total, $37.8 billion flowed into mutual funds in April, according to the data.
According to the data, inflows for U.S. equity funds slowed to $895 million, their lowest intake this year.
Meanwhile, international-equity funds saw the second-strongest inflows among category groups, with $8.4 billion. Relative to assets, alternative funds had the strongest organic growth rate among category groups, taking in $3.8 billion, according to Morningstar.
Moreover, within the U.S. equity category group, investors continued to prefer index funds and the value style over growth. Including exchange-traded funds, active U.S. equity funds had outflows of $5.2 billion, compared with inflows to index funds of $9.6 billion in April.
Read the full report here.
Printed from: MFWire.com/story.asp?s=43901
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