Long-term inflows of U.S. mutual funds totaled $13.5 billion inJune, representing a 1.9 percent organic growth rate, according toa new report.

Strategic Insight of New York, published this finding in theJune release of its Simfund/MF data report, which provides adetailed view into mutual fund asset, flow, and performance trends.The data reflects only U.S. mutual funds, which in some casesrepresent only a minority of a company's total assets undermanagement. Organic growth and attrition rates are (unlessotherwise noted) annualized.

The report finds that long-term product flows remained “muted”in June. But ETFs saw a substantial rebound in flows forthe month: Inflows totaled about $13 billion.

Fund provider T. Rowe Price continues to generate the strongorganic growth with June inflows of $1.1 billion, representing 4.6percent organic growth and inflows of $6.4 billion (8.3 percentorganic growth) for the quarter.

Fund provider Eaton Vance continued to endure outflows driven bythe large cap value fund, although outflows for the fund slowedmaterially to $300 million. Sizable outflows from floating ratefunds also contributed to the outflows.

Fund provider Legg Mason generated $1.3 billion of long-terminflows, driven by a combination of a $700 million closed-end fundlaunch, strong flows into the Clearbridge Aggressive Growth fund,and continued solid flows into the Brandywine Global Allocationfund given strong performance metrics.

Investco’s Balanced Risk Allocation fund generated $737 millionof inflows in a month when most global allocation funds enduredoutflows, the report says.

For the quarter actively managed funds had $184million of inflows while Powershares endured roughly $1.4 billionof outflows.