Funds that invest in foreign companies were the most popular with investors last month, attracting nearly $8 billion in new money, according to Financial Research Corp.
Domestic stock funds and exchange-traded funds netted $4.3 billion in June, while bond funds and ETFs took in a total of $4.7 billion, the Boston-based fund tracker reported on Monday.
American Funds, which raked in $7.3 billion, was the top selling complex in June. The company’s Capital Income Builder Fund (CAIBX), which took in $1.5 billion, was the best selling fund.
Three other American funds were among the five best sellers. Capital World Growth and Income Fund (CWGIX) saw inflows of $1.2 billion. Growth Fund of America (AGTHX) took in $1.1 billion, and Income Fund of America (AMECX) netted $1 billion. Fifth place was held by PIMCO Funds:Total Return (PTTAX), a bond fund that gained $864 million in new money.
Barclays Global Investors, a powerhouse in ETFs, was the second best selling company last month, attracting $4.6 billion. Trailing were Franklin Templeton Investments ($2.2 billion), Vanguard Group ($2.1 billion), and Pimco (Pacific Investment Management Co.) Funds ($1.5 billion).
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