Two months. That's how long the break in Vanguard's
fund flows dominance lasted this time.
The information within this article draws from Morningstar Direct
data on June 2018 open-end mutual fund and ETF flows (excluding money market funds and funds of funds).
As industry flows soured in June , Vanguard regained the lead thanks to estimated net inflows of $7.356 billion, down from $10.73 billion in May
. Other big inflows winners in June included: Edward Jones' Bridge Builder
, $3.058 billion (up from $1.558 billion); Fidelity
, $2.95 billion (up from $151 million); Schwab
, $2.892 billion (down from $4.482 billion); and Pimco
, $2.585 billion (up from $1 billion).
On the flip side, June was a rough month for BlackRock
, which suffered an estimated $8.759 billion in net outflows, more than any other fund firm and down from $14.941 billion in net inflows in May (when it led the industry inflows). Other big outflows sufferers in June included: SSgA
, $6.681 billion (down from $2.021 billion in net inflows); Goldman Sachs
, $6.336 billion (down from $646 million in net inflows); Invesco
, $3.5 billion (down from $2.821 billion in net inflows); and GMO
, $3.451 billion (up from $777 million).
Across the whole industry, mutual funds and ETFs suffered $23.037 billion in estimated net outflows in June, equivalent to about 0.13 percent of industry AUM (which reached $18.33 trillion as of the end of June).
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