Morningstar Reports U.S. Mutual Fund Asset Flows for June 2014

CHICAGO, July 15, 2014 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows for June 2014. U.S. equity mutual funds suffered their second-consecutive month of outflows in June, as investors withdrew $8.3 billion, the category group's largest outflow in 18 months. Inflows to international-equity funds and taxable-bond funds more than offset the outflows for U.S. equity funds. In aggregate, investors added $24.0 billion to long-term mutual funds, helping assets reach $11.7 trillion, an increase of more than 40% from the peak before the financial crisis. Morningstar estimates net flow by computing the change in assets not explained by the performance of the fund. Click here for a full explanation of Morningstar's methodology.

Additional highlights from Morningstar's report about mutual fund flows in June:

  • For the year to date through June, international-equity funds led all Morningstar category groups with inflows of $67.5 billion. Taxable-bond funds have collected $59.2 billion over the same period, a significant increase from inflows of $21.0 billion for all of 2013. U.S. equity funds have gathered assets of just $9.5 billion year to date through June.
  • At the category level, foreign large-blend funds led all categories in June with inflows of $4.6 billion. Multisector bond funds led all taxable-bond categories in June, followed by intermediate-term bond, a category that was shunned in 2013. Meanwhile, bank-loan funds shed $3.1 billion in June for their third-consecutive month of outflows.
  • With inflows of $7.7 billion year to date through June, Dodge & Cox is off to its strongest start since 2007. Dodge & Cox International Stock, Dodge & Cox Global Stock, and Dodge & Cox Income, which each hold a Morningstar Analyst Rating™ of Gold, saw healthy flows in June; the first two have ranked in the top-5 percentile of their respective Morningstar categories over the trailing 12 months.

To view the complete report, please visit http://www.global.morningstar.com/juneflows14. To view a video recapping June's U.S. asset flow trends, please visit http://bit.ly/june2014flows. 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 mutual 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 456,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 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 $164 billion in assets under advisement and management as of March 31, 2014. The company has operations in 27 countries.

©2014 Morningstar, Inc. All Rights Reserved.

MORN-R

Media Contact:
Carling Spelhaug, +1 312 696-6150 or carling.spelhaug@morningstar.com

SOURCE Morningstar, Inc.



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