Top 5 bottom 5 manager net asset flows

According to July month-end data from Morningstar, Vanguard took the lion's share of net asset flows so far in 2016, with $111.8 billion of new money coming in. Dimensional Fund Advisors was a distant second with $13 billion in new money and fixed-income shop DoubleLine received $10.3 billion of inflows.

On the flip side, Franklin Templeton saw a net $24.5 billion walk out the door; Fidelity and Ivy Funds saw net outflows of $10.8 billion and $10.1 billion, respectively.

The inflows to Vanguard reflect the industry trend of money flowing out of active and into passively managed funds. Six of the top 10 funds receiving new money year-to-date through July are managed by Vanguard. Dimensional saw assets flow relatively evenly into several of its funds, notably its emerging markets and international varieties. DoubleLine's mortgage-focused Total Return bond fund took nearly three-fourths of flows.

About a third of Franklin Templeton's net outflows were out of its Global Bond fund (returning -6.3% as of the end of July), with the majority of the balance coming out of its Income and Global Discovery funds.

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