PIMCO and T. Rowe Price led the 10 largest providers of institutional mutual funds in assets added from market appreciation through June 30 relative to their position at the start of the year. The three largest managers by AUM, Vanguard, Fidelity and American Funds, led the group in dollar value.
PIMCO's Income Fund added $12.8 billion from investment gains, while its 2014-'15 pariah Total Return Fund added another $2.5 billion. Large-cap T. Rowe Price Blue Chip and Growth Stock funds added a combined $10.5 billion to investor portfolios, and its small-cap New Horizons fund added $3.3 billion.
Vanguard Group's primary U.S. equity index funds rode the market, adding $32.5 billion in the first six months despite losing $8.1 billion in the first quarter.
