MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, February 27, 2008 FRC Crunches the Numbers on January Fund Outflows FRC has put numbers on the outflows seen by the fund industry in January. Put together, the 25 largest fund groups in terms of AUM saw $22.94 billion in outflows last month. Only two of the top 25 fund firms, PIMCO and BlackRock, saw their flows increase over those in January of 2007. Thirteen of the top 25 firms saw net outflows in January of 2008, compared with the four in January of last year. Among the three largest fund groups, American Funds recorded inflows of $1.99 billion in the first month of the year, compared with inflows of $10.13 billion in January of 2007; Vanguard saw of inflows of $7.97 billion versus $11.75 billion last year, and Fidelity posted outflows of $9.92 billion in January, compared with inflows of $2.94 billion in January last year. FRC data does not include money market fund flows in its numbers. Printed from: MFWire.com/story.asp?s=17530 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |