June Long-Term Fund Outflows Worst Since 2008: Morningstar

During the first week of July, however, investors changed their tune on where central-bank policymaking is heading and poured nearly $6 billion into equity funds and over $2 billion into bond funds, according to the EPFR Global.

Additional highlights (or lowlights, depending on one's point of view) from Morningstar's report include:

• Not all fixed-income categories suffered in June and the year-to-date period. Bank-loan funds have collected more assets than any other category in 2013, and nontraditional bonds have come in third.
• International-equity and alternative funds had net inflows in June. Among international-equity funds, Oakmark International, which has a Morningstar analyst rating of Gold, continued its string of strong inflows, collecting $753 million. The fund has doubled in size in the last year, absorbing nearly $5 billion and achieving a 35% return year to date.
• At the firm level, PIMCO led outflows, with redemptions of $14.5 billion, followed by Fidelity with $5.1 billion. Vanguard saw its first firm-level outflows (including exchanged-traded and money-market funds) in nearly 20 years. MFS topped all providers with inflows of $1.4 billion.

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Check out Gold Gets Blamed for Record Commodity ETP Outflows.