Ex-US active funds drive industry flows

The world’s top 15 active fund houses attracted more than half of active inflows last year, driven by product sold outside of the US, finds new data – proving that in asset management, size matters. US fund house JP Morgan Asset Management saw the largest inflow at $61 billion in 2013, more than twice that of second-placed BlackRock and Dimensional Fund Advisors with $27 billion each. MFS, Goldman Sachs and Franklin Templeton also attracted more than $20 billion via actively …