Stock and Bond Funds Experience Net Outflows in July

Stock and bond funds experienced net outflows of $14.6 billion in July, according to data from Financial Research Corporation (FRC). 

The corporate objective posted net inflows of $5.8 billion, followed by International/Global Fixed Income at $4.6 billion. Meanwhile, Equity funds saw $23.2 billion in outflows in July.

By Morningstar category, Commodities Precious Metals toped the chart with $4 billion in net inflows. The remaining top five included: High Yield Bond at $2.8 billion, World Bond at $2.7 billion, Emerging Markets Bond at $2.7 billion, and Intermediate-Term Bond at $1.8 billion.   

SPDR S&P 500 attracted $3.1 billion to lead the fund sales chart. SPDR Gold Shares came in second with $2.8 billion.  Templeton Global Bond ($1.6 billion), PowerShares QQQ Trust ($1.5 billion), and Vanguard Total Bond Market II Index ($1.1 billion) rounded out the top five.

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