Vanguard [profile] and Pimco [profile] to gobble a massive percentage of the mutual fund industry's long-term flows. Reuters reports that, according to Morningstar data, $7.5 billion net flowed into Vanguard mutual funds in April, and another $6.4 billion flowed into Pimco ones, adding up to two-thirds of the $20.8 billion of net mutual fund industry inflows, excluding money market funds.

$2.8 billion flowed into T. Rowe Price [profile] mutual funds and $817 million flowed into Franklin Templeton [profile] ones. On the negative side, $636 million flowed out of Fidelity [profile] and $4 billion flowed out of Capital Group's American Funds [profile]. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE