Investors poured $23 billion into actively managed bond funds in January while moving about $24 billion out of active U.S. equity funds. American Funds' Tax Exempt Bond fund led all active funds, taking in a net $2.7 billion, followed by PIMCO's Income fund, which saw $2.5 billion in new money. Oakmark's International fund led non-U.S. funds with $2.2 billion in net inflows. Fidelity Investments' Contrafund saw the greatest outflows with $1.6 billion walking out the door.
Since the end of January, the American Funds' Tax Exempt Bond fund declined -0.16%; the PIMCO Income fund is down -0.4% in February. The PIMCO Income fund has brought in nearly $26 billion in new money over the past 12 months.
The Fidelity Contrafund is down 7.3% in February, but up 1.3% year-to-date 2018.