At the fund family level, Vanguard Group once again led all providers with more than $11 billion in flows, according to data from Morningstar.

“While PIMCO remained in second place in terms of fund family flows, its $2.5 billion May showing was its weakest showing for the year to date,” according to the research firm.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.