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, July 10, 2013 Vanguard Saw First Net Outflows Since 1994 As evidenced by the Pimco[profile] Total Return Fund, no bond fund was safe from the exodus out of bonds last month, including Vanguard[profile]. Vanguard saw its first month of net outflows in nearly 20 years, Jason Kephart of InvestmentNews wrote. In June, investors pulled out $9.7 billion from Vanguard bond funds. Overall, Vanguard has done very well, Kephart pointed out, as it has brought in over $500 billion of new investments since 2009, according to Morningstar data. Pimco had $276 in net inflows during the same period and lost considerably more outflows in June, at $14.5 billion in net withdrawals. The outflows keep coming for Pimco, which saw $25.25 million leave Pimco Total Return Exvhnage Traded Fund in the first week of July, Reuters' Sam Forgione reported. To read more, click here and here. Printed from: MFWire.com/story.asp?s=44818 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |