Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for February 2015

CHICAGO, March 17, 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 February 2015. Positive economic indicators and a six percent gain for the S&P 500 during the month renewed investor confidence in stocks, but once again, it was passively managed international- and U.S.-equity funds that reaped the rewards. 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 February:  

• Taxable-bond funds collected approximately $28.5 billion in February, their largest monthly inflows since January 2013. The fixed-income category with the greatest inflows was high-yield bond, which tends to do well in a rising interest-rate environment. Utilities funds had the largest February outflows.
• Vanguard continued to dominate inflows among passive providers and took the lead among active providers in February. Also on the active side, J.P. Morgan remained the top provider in terms of one-year inflows.
• Another month of redemptions brought PIMCO's total losses to $174.9 billion since January 2014, a decrease in assets of 33 percent. In the six months since PIMCO co-founder Bill Gross' departure, PIMCO Total Return, which has a Morningstar Analyst Rating™ of Bronze, has shed $99.4 billion.
• Outflows from PIMCO continued to benefit other intermediate-term bond funds. TCW and Dodge & Cox have enjoyed consistent inflows to Metropolitan West Total Return Bond and Dodge & Cox Income, respectively, which both have Gold Analyst Ratings.

To view the complete report, please visit http://www.global.morningstar.com/febflows15. To view a video recapping February's U.S. asset flow trends, please visit http://bit.ly/feb2015flows. 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 approximately 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 14 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 and had approximately $170 billion in assets under advisement and management as of Dec. 31, 2014. The company has operations in 27 countries.

©2015 Morningstar, Inc. All Rights Reserved.

MORN-R

Media Contact:
Carling Spelhaug, +1 312 696-6150 or [email protected]

SOURCE Morningstar, Inc.

Related Links

http://www.morningstar.com