The Markets October 20, 2010

Vanguard Sees Highest Fund Flows Year-to-Date

Vanguard topped the chart for fund flows year-to-date, according to a recent report from Strategic Insight, an Asset International company.
Reported by

Taxable bond funds received the largest share of Vanguard’s $64.5 billion year-to-date inflows with $32.3 billion posted into this asset class. PIMCO/Allianz Global followed with $60.5 billion in year-to-date inflows, the majority of which also posted to the taxable bond asset class ($51.9 billion).  

These are impressive numbers for the asset managers as there were $193.1 billion in net outflows year-to-date for all managers in SI’s analysis. 

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In September, State Street Global Advisors beat out all other asset managers with $14.7 billion in net inflows, according to the SI report. PIMCO/Global Allianz came in second with $6.3 billion, and Vanguard closely followed with $6 billion.  

Vanguard is the largest fund manager with $1.5 trillion in assets and 12.96% of the market share. Fidelity ($1.3 trillion and 11.06%), American Funds ($936 billion and 8.27%), BlackRock ($753 billion and 6.65%), and PIMCO/Global Allianz ($458 billion and 4.04%) round out the top five.  

The report, Mutual Fund Management Companies Rankings and Analysis, includes overall industry rankings, breakouts of intermediary-sold and directly-sold retail funds, as well as a section on exchange-traded products. 

Deals & People October 20, 2010

Employee Benefits Firm Brings on Board Actuarial Firm

Bolton Partners, Inc., of Baltimore, Md., has acquired Stephen R. Thomas Actuarial Associates, Inc., of Trenton, N.J.
Reported by

Stephen R. Thomas provides actuarial services to about 50 multiemployer and government plans in New York, New Jersey, and New England, from its offices in Trenton, New Jersey. 

The Baltimore-based Bolton Partners was founded in 1981 by Robert G. Bolton as an independent employee benefits firm.

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Bolton is divided into three divisions which provide actuarial, health & welfare, and investment consulting services for corporate, public sector, multiemployer plans, and not-for-profit organizations. 

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