From the September 2010 issue of Research Magazine • Subscribe!

Another Good Month for Bonds

Inflows into bond and equity funds in June were $25.5 billion, according to the Financial Research Corporation of Boston. Close to half of these flows, $12.5 billion, went into corporate bonds, while $4.2 billion went into government bonds.

The Pimco Total Return Fund attracted $2.4 billion in June. It now has about $234 billion in assets, says FRC, and has had inflows so far this year of nearly $21 billion.

When broken down by Morningstar category, intermediate-term bonds topped the inflow list, with $4.9 billion in new investments. They have drawn $42.5 billion in inflows in the first six months of 2010, according to FRC.

Among the largest fund families, Vanguard is ahead in assets under management, excluding proprietary funds of funds, with $1.14 trillion; this is up 2.3 percent over last year. American Funds has $834.4 billion, followed by Fidelity with $727.7 billion.

Assets at other top-10 fund families are as follows: BlackRock $475.1 billion, Pimco $373.5 billion (up 15.3 percent over 2009), Franklin Templeton $288.6 billion, T. Rowe Price $218.4 billion, State Street Global Advisors $198 billion, Oppenheimer $122.8 billion and Dodge & Cox $107 billion.

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