JPMorgan Funds was the best-selling mutual fund family in 2008, taking in $140 billion, Financial Times reports. Nearly all of that money was in money market funds, for excluding those flows, JPMorgan was hit with $1.3 billion in outflows for the 12 months through February.
Likewise, Fidelitys inflows were $53 billion, largely due to its money funds, and Vanguard took in $49 billion, $10 billion of which went to its money funds. However, total assets under management at Fidelity fell by $400 billion to $1.2 trillion. Pimco, largely due to its bond funds, took in $19 billion in inflows.