With inflows of $19.7 billion, the Corporate Bond objective was the winner in August flows, according to data from FRC released Tuesday. The Tax-Free Bond Objective was the next, at $6 billion. International/Global Equity accounted for $5.7 billion and International/Global Fixed Income rose by $4.7 billion. Government lagged at $2.2, but was still in positive territory.
Equities were the big losers, dropping $19.2 billion altogether.
The PIMCO Total Return Fund came in at $5.2 billion, topping the fund sales chart, and the Vanguard Total Stock Index Fund trailed along at $2.3 billion. The iShares MSCI Emerging Market was third, with $1.8 billion; fourth was the Vanguard Emerging Market Stock Index; ETF at $1.7 billion; and fifth was the Templeton Global Bond Fund, bringing in a total of $1.4 billion.
Money Market came in at $26.5 billion.