MutualFundWire.com: Which Fund Shops Had Especially Tough Decembers?

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Thursday, January 17, 2013

Which Fund Shops Had Especially Tough Decembers?

Every three months, people who follow mutual funds could be forgiven for feeling like they're being completely bombarded by flows news from every firm to ever offer a fund.

Barron's Focus on Funds blog tried to synthesize all of that noise into a digestible package yesterday, with writer Sam Mamudi detailing who did what in the last month of 2012.

It was, to be frank, a difficult month, with $11.2 billion in outflows from stock funds, after $9.9 billion in outflows in November.

Mamudi named a few specific fund shops that had particularly difficult months for stock funds:

— AllianceBernstein [profile] saw $120 million in outflows, an improvement over November's $300 million loss.
—Franklin Resources [profile] had $950 million in outflows, compared to $1.2 billion outflows in November.
—Janus [profile] had outflows of $1.1 billion, worse than the $840 million in November.
—Legg Mason [profile] also had $1.1 billion outflows, after losing $800 million in November.
—T. Rowe Price [profile] had $1.6 billion in ourflows. They broke even in November.