Fund flows surpass $34B in May

Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to FRC.
JUN 25, 2008
By  Bloomberg
Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to a report released Tuesday by Financial Research Corp. International/global funds led the way, with net inflows of $14.7 billion, followed by corporate funds, with inflows of $8.2 billion. The Pimco Total Return Fund, which is advised by Pacific Investment Management Co. LLC in Newport Beach, Calif., attracted $2.1 billion of net inflows to lead the fund sales charts. Among the categories tracked by Morningstar Inc. of Chicago, intermediate-term-bond funds had net inflows of $5.98 billion. Specialty-natural resources and world allocation funds rounded out the top three, with net inflows of $3.9 and $3.6 billion respectively. American Funds Investment Co. of Los Angeles led all companies, with $1.14 billion in new assets. The Vanguard Group Inc. of Malvern, Pa. and Fidelity Investments of Boston rounded out the top three companies, with $1.11 billion and $903 million in new assets, respectively. Boston-based FRC’s data include exchange traded funds in the universe of mutual funds.

Latest News

SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

Apella Wealth comes to Washington with Independence Wealth Advisors
Apella Wealth comes to Washington with Independence Wealth Advisors

The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.

Citi's Sieg sees rich clients pivoting from US to UK
Citi's Sieg sees rich clients pivoting from US to UK

The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.

US employment report reactions: Overall better than expected, but concerns with underlying data
US employment report reactions: Overall better than expected, but concerns with underlying data

Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.

Creative Planning's Peter Mallouk slams 'offensive' congressional stock trading
Creative Planning's Peter Mallouk slams 'offensive' congressional stock trading

"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.