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Thursday, November 20, 2014|
Funds From MetWest, Dodge & Cox, BlackRock, DoubleLine and Baird Rake It In
The shockwaves of Bill Gross' departure from Pimco [profile] continue to be felt, including in the industry's overall flow numbers.
All five of the top active mutual funds by inflows last month were bond funds, and four of the top five active funds by outflows were Pimco funds, according to Morningstar's "U.S. Asset Flows Update" for October 2014. The whopping $32.25 billion that flowed out of Gross' old flagship, the Pimco Total Return Fund, singlehandedly turned a $9.2 billion net inflow number for active taxable bond fund funds into a $23.1 billion net outflow for the category.
On the active side, the top funds by October inflows were: TCW's [profile] Metropolitan West Total Return Bond Fund with $6.713 billion, the Dodge & Cox Income Fund [profile] with $4.238 billion, the BlackRock Strategic Income Opportunities Portfolio [profile] with $2.272 billion, the DoubleLine Total Return Bond Fund [profile] with $2.02 billion, and the Baird Core Plus Bond Fund [profile] with $1.565 billion. On the flip side, the active funds with the biggest outflows last month were: Pimco Total Return, the Pimco Unconstrained Bond Fund with $4.467 billion, the Pimco Low Duration Fund with $2.481 billion, the MainStay Marketfield Fund [profile] with $2.224 billion, and the Pimco Long-Term U.S. Government Fund with $1.672 billion.
As for flows at the family level, Vanguard [profile] once again came out on top, netting $24.977 billion in inflows in October. Number two was BlackRock with $20.18 billion in inflows. The other big winners (amongst the top ten U.S. mutual fund families) included: State Street Global Advisors [profile], which brought in $6.649 billion; Dimensional Fund Advisors [profile], which brought in $2.951 billion; J.P. Morgan [profile] with $1.848 billion in inflows; Fidelity [profile] with $1.146 billion in inflows; and Capital Group's American Funds [profile] with $363 million in inflows.
On the flip side, Pimco's October outflows of $49.396 billion rivaled the combined inflows of Vanguard, BlackRock and SSgA. Franklin Templeton [profile] also suffered outflows, of $508 million, and T. Rowe Price's [profile] outflows reached $199 million.
See Morningstar's full report for more details on last month's flows.
Printed from: MFWire.com/story.asp?s=50206
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