Overall, ultra-short bond funds saw $5.5 billion in June inflows.

“Among top U.S. fund families, Vanguard led the way with $7.4 billion in inflows; however, it’s growth continues to slow. June inflows were the firm’s smallest since 2013 with active funds seeing outflows of $4.5 billion while its passive strategies had inflows of $11.9 billion,” according to Morningstar.

Year-to-date, seven of the top 10 asset-gathering ETFs are iShares products and the other three are Vanguard funds.

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Tom Lydon’s clients own shares of VWO and EFA.