FRC said April’s performance was down from March’s showing of a $70.5-billion inflow and up from April 2009, which saw a $42.8-billion influx, according to a news release from FRC.
The Corporate Bond objective led the net inflow category with $17.1 billion, followed by the International/Global Equity objective with $16.2 billion and Equity with $12.1 billion.
PIMCO’s Total Return fund attracted $2.7 billion to lead the fund sales charts. That was followed by Templeton Global Bond fund with $1.89 billion. In the next three slots were Vanguard Total Stock Index at $1.6 billion, Vanguard EM Stock Idx; ETF at $1.45 billion, and Vanguard Total Bond at $1.26 billion.
The top five fund families in terms of April assets were: The Vanguard Group at $1.22 trillion; American Funds at $934 billion; Fidelity Investments at $805 billion; BlackRock at $517 billion and PIMCO at $363 billion.
In terms of Morningstar categories, Interrmediate-Term Bond led the way with $7.2 billion in inflows.