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

Investor preference for international-equity funds continues as U.S. equity funds see outflows of $14.3 billion

Aug 14, 2015, 12:40 ET from Morningstar, Inc.

CHICAGO, Aug. 14, 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 July 2015. U.S. equity fund outflows increased to $14.3 billion in July from $8.0 billion in June, with consistent inflows to passive U.S. equity funds unable to offset sustained outflows from active funds. 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 July:     

  • Outflows from U.S. equity funds for only the first seven months of 2015 exceeded any previous annual outflows since 1993. Meanwhile, international-equity funds collected inflows through July that approach the peak of $201.6 billion seen in calendar-year 2013.
  • Foreign large-blend funds, with inflows of $21.3 billion, collected greater inflows than the next four top-asset-gathering categories combined in July.
  • J.P. Morgan and American Funds were the only two providers with robust active fund inflows in July. Vanguard's active funds saw outflows for the third straight month, but its passive-fund inflows continue to be strong, followed by State Street and iShares.
  • PIMCO Income, which has a Morningstar Analyst Rating™ of Silver, and Metropolitan West Total Return Bond, which has an Analyst Rating of Gold, continued to attract solid flows following consistent performance. Bronze-rated PIMCO Total Return was once again the leader in terms of outflows among active funds. Illustrative of the general move away from U.S. equities and toward international stocks, three Vanguard funds were among the five passive funds with the greatest monthly outflows, while two of the firm's international index funds had the highest and third-highest July inflows.

To view the complete report, please visit http://www.global.morningstar.com/julyflows15. To view a video recapping July's U.S. asset flow trends, please visit http://bit.ly/july2015flows. 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.

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

 

SOURCE Morningstar, Inc.



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