Vanguard Group had $35.5 billion in net flows in 2001, the most of any fund complex by more than $12 billion, according to data released today by Financial Research Corporation. Vanguard, which finished second in 2000 with net flows of $21.9 billion, has led the industry five of the past six years.

American Funds, which led all firms in net flows in December with $2.9 billion, was second overall in 2001 with flows of $23.4 billion, according to FRC. PIMCO was third in 2001 with $14.8 billion, and Fidelity was fourth with nearly $10 billion.

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.