U.S. Stocks Slip After Record Streak
The end of December was a "dud" for flows into equity mutual funds, reports Jeff Tjornehoj of Lipper .
Eight mutual fund companies have been named Best In Group, winning the 2013 Lipper Fund Awards for the U.S., with TIAA-CREF and Delaware Management Company collecting the top group awards.
Lipper has revised its weekly municipal bond fund flows lower for the week ending Nov. 21 after an error with Goldman Sachs led the company to report higher flows.
An interactive list of all the funds to be honored, across all years of return and categories
Retirement-oriented managers take top awards; other victors include American Funds, Oakmark and Lord Abbett.
Breakfast with Benjamin Avenue Capital decided to deal with the outflows from its junk-bond fund by not reporting them to Lipper and Morningstar. That should do the trick.
Mutual funds continue to draw new money, although investors seem to be waning in recent enthusiasm.