Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for August 2015
Taxable-bond funds see greatest monthly outflow in two years
CHICAGO, Sept. 16, 2015 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for August 2015. Among active funds, only the alternative category group saw inflows in August. On the passive side, all category groups except sector equity had inflows. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
Additional highlights from Morningstar's report about U.S. asset flows in August:
- Combined active and passive U.S. equity flows stayed in negative territory and overall international-equity flows remained positive, but both decreased in magnitude compared with previous months.
- Taxable-bond funds sustained their largest outflow since August 2013 amid growing uncertainty about whether the Federal Reserve will raise interest rates. Active taxable-bond funds saw August redemptions of $19.5 billion, while their passive counterparts saw a minuscule inflow.
- Each of the 10 largest fund families experienced active-fund redemptions in August except for State Street and J.P. Morgan. Vanguard continued to dominate inflows on the passive side as its main competitor, iShares, sustained its first monthly outflow of the year.
- For the first time since Bill Gross' departure from PIMCO nearly a year ago, PIMCO Total Return, which has a Morningstar Analyst Rating™ of Bronze, did not lead monthly fund-level outflows. GMO Asset Allocation Bond surpassed it in August.
To view the complete report, please visit http://www.global.morningstar.com/augflows15. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. References to and commentary about the above-mentioned funds should not be considered a solicitation to buy or sell that fund.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement and management as of June 30, 2015. The company has operations in 27 countries.
©2015 Morningstar, Inc. All Rights Reserved.
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Media Contact:
Carling Spelhaug, +1 312 696-6150 or [email protected]
SOURCE Morningstar, Inc.
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