Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Mutual Funds > Bond Funds

New Year Brings Funds New Money, But Bonds Still H

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Feb. 26, 2003 — Investors returned to stock mutual funds last month while their love affair with bonds continued.

Domestic stock funds took in an $1.4 billion in January, after suffering outflows of $4.2 billion the previous month, according to Financial Research Corp. Overall, stock and bond funds netted $14.5 billion last month, led by funds that invest in corporate bonds, which attracted $6.8 billion.

American Funds took in $3.8 billion last month, making it the the top selling complex. The company’s Growth Fund of America/A (AGTHX), a domestic stock fund, was the second best selling fund in January, netting $748 million, while its Capital Income Builder Fund/A (CAIBX), which invests in foreign stocks, ranked fifth with inflows of $648 million.

Pacific Management Investment Co., known as PIMCO, trailed American funds with monthly inflows of $3.3 billion. The company’s PIMCO Funds:Total Return Fund/A (PTTAX), which buys fixed-income securities, was the best selling fund, attracting $2.1 billion.

Rounding out the top five best selling fund companies were Vanguard Group, which saw inflows of $2.6 billion; Dodge & Cox ($1.1 billion); and Evergreen Investments ($981 million).

The third and fourth best selling funds for the month were ING Principal Protection Fund/A (NPPAX), which took in $662 million, and Evergreen Adjustable Rate/A (ESAAX), which attracted $661 million.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.