Barron's posted a blog piece, "Q4 Was Good For Vanguard, Tough for Pimco: S&P," that says, "The fourth quarter of 2015 saw investors add money to index and money market mutual funds, while pulling money from actively managed and bond funds, writes S&P Capital IQ's Todd Rosenbluth in a recent review of the sector. Vanguard Group was a clear winner, writes Rosenbluth, as the biggest fund provider only increased its lead over rivals, thanks to $54.1 billion in new money in the quarter. It saw $20 billion go into equity funds, $18 million in bond funds and $3 billion in money markets -- a rare trifecta in Q4. The Vanguard 500 Index Fund (VFINX) saw inflows of $1.2 billion and the Vanguard Total International Bond Index (VTIBX) added $3.2 billion." It adds, "Vanguard wasn't the only winner, however, with Goldman Sachs (GS) attracting $25 billion.... Goldman Sachs FS Money Market (FSMXX) had $7.9 billion and was an example of institutional fund with strong interest. However, investors pulled $977 million and $644 million, respectively, out of Goldman's equity and bond funds.... The fourth quarter wasn't so bright for Pimco: With $22 billion in outflows, it lagged the broader industry.... It wasn't all bad for the firm though, as the PIMCO Income Fund (PONAX), "which has a top-quartile multi-sector income bond fund, pulled in $2.5 billion last quarter." Rosenbluth also highlights JPMorgan's (JPM) funds, among others, noting its $1.9 billion in new money to its equity funds and $109 million to bond funds, including the JPMorgan Growth Advantage (VHIAX), although its money market funds saw outflows."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September