Domestic Equity Offerings Big January Losers

Stock and bond funds experienced net outflows of $22.9 billion in January, according to data from the Financial Research Corporation (FRC).

FRC said domestic equity funds were the biggest losers in the month with a $32.5 billion asset giveback, while their International/Global cousins suffered $5 billion in net outflows. That was a reversal of course for domestic equity funds from December’s activity (See Domestic Equity Funds Take In $47B in December).

Government funds led the winners with net January inflows of $6.5 billion, followed by Corporate funds with a $5.8 billion net intake, according to the FRC data. Tax-free funds saw a $2.4 billion net asset increase.

By Morningstar category, Intermediate Term Bonds enjoyed an $8.1 billion January gain, followed by World Allocation ($3.9 billion), Inflation Protected Bond ($2.9 billion), World Bond ($2.6 billion), and Target Date 2015-2029 ($2.4 billion).

The Vanguard Group topped all fund families with nearly $8 billion of net inflows, while PIMCO Funds enjoyed $4.4 billion in inflows and American Funds posted $1.9 billion in inflows.

PIMCO Total Return collected $4.1 billion to lead the fund sales charts.