has released the monthly fund flows for August, and State Street Global Advisors
is the big story. SSgA was the number one selling fund group for the month, taking in $14.51 billion in August and capturing the number six spot on the year-to-date rankings. In the seven months leading up to August, SSgA wasn't even in the top 20 YTD rankings.
The next best selling fund group, Vanguard
, took in $3.29 billion, almost one-fifth less than SSgA. Rounding out the top five best selling groups were; American Funds
with $3.28 billion, Evergreen
with $1.69 billion, and Dimensional Funds Advisors
with $1.24 billion.
Dropping out of the top 5 from July were; Dodge & Cox
, falling from number 5 in July to number 10 in August and T.Rowe
, going from number 4 in July to number 13 in August.
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