The Vanguard Total International Stock Index fund (VGTSX) experienced the highest inflows, $5.3 billion. The iShares Core MSCI EAFE ETF (IEFA) had inflows of $4.7 billion, the second highest, while the Vanguard Total Stock Market Index (VTSMX) followed with inflows of $4.6 billion.
The world’s largest ETF, the SPDR S&P 500 ETF (SPY) had the highest outflows, $15 billion. Another S&P 500 ETF, the iShares Core S&P 500 ETF (IVV), shed $9.7 billion in March.
Morningstar also notes that, despite a lot more press exposure, environmental, social and governance (ESG) funds are not attracting very much investor capital. The leading ESG fund for inflows, the TIAA-CREF Social Choice Equity fund (TISCX) reported only $210 million in inflows during March.