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

Jul 16, 2015, 12:38 ET from Morningstar, Inc.

CHICAGO, July 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 June 2015. In terms of combined active and passive flows, five out of eight category groups suffered outflows in June. Among actively managed funds, international equity and alternative were the only category groups to see inflows during the month. 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 June:     

  • After five months of inflows, investors withdrew money from taxable-bond funds in June, with most of the redemptions coming from high-yield, bank-loan, and emerging-markets bond funds. Intermediate-term and world-bond funds, on the other hand, collected $2.0 billion and $1.5 billion, respectively.  
  • Despite Greece's debt troubles and Chinese stock market volatility, international-equity inflows topped all category groups. The group took in $22.4 billion, with $16.6 billion flowing to passive funds and $5.8 billion to active funds. 
  • Vanguard experienced redemptions from its active funds for the second consecutive month, but again, they were dwarfed by inflows of $19.4 billion to the firm's passive funds. Inflows to actively managed funds were weak across the board for the industry's largest providers in June, except for J.P. Morgan, which took in $2.6 billion.
  • PIMCO Total Return, which has a Morningstar Analyst Rating™ of Bronze, was once again the leader in terms of active fund outflows, while Silver-rated PIMCO Income landed first on the list of active funds with the highest inflows during the month.

To view the complete report, please visit http://www.global.morningstar.com/juneflows15. To view a video recapping June's U.S. asset flow trends, please visit http://bit.ly/june2015flows. 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 15 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 more than $179 billion in assets under advisement and management as of March 31, 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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