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Data & Research July 31, 2012
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.
Reported by Jay Polansky
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 CAmarketing@cerulli.com.
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