Mutual Funds Show Strong Positive Net Flows

Mutual fund flows have been strong throughout the first half of the year, with positive net flows every month, according to a report.

Cerulli Associates found mutual fund flows totaled $157 billion year-to-date (YTD). The fixed-income asset class experienced net flows of $146 billion for mutual funds and $33.3 billion for exchange-traded funds (ETFs) YTD.

While U.S. stock mutual funds shed outflows of $8.5 billion in June, U.S. stock ETFs attained impressive inflows of $9.4 billion. State Street led June flows with $9 billion, while Vanguard remained the top flow-gatherer YTD with $30 billion.

Overall, ETF assets increased 11% YTD, with 4% growth in June. Flows have been positive every month so far in 2012. January boasted the best monthly inflow YTD with $28.2 billion, and June recorded second-highest with $19.9 billion.

PIMCO and JPMorgan grew assets by 14.2% and 9.7%, respectively, thus far in 2012. With YTD flows of $58.3 billion, Vanguard dominates the competition. Although June marked the weakest flow month for the manager with $5.8 billion, it still directed inflows among all mutual fund managers during the month. DoubleLine’s Total ReturnBond Fund led all mutual fund flows with $2.1 billion in June.

This research is available for purchase by contacting