CHICAGO, April 15, 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 March 2015. International-equity funds led the way with inflows of approximately $34.7 billion, the category group's largest monthly inflow since January 2013. Currency-hedged ETFs drove the majority of these 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 March:
- Taxable-bond funds, particularly intermediate-term bond funds, continued to collect strong inflows, despite the likelihood that the Federal Reserve will raise interest rates in June.
- U.S. equity funds overall had outflows in March. On the active side, U.S. equity saw its largest monthly outflow since July 2014, while passive U.S. equity recorded lower inflows than the group has seen in recent months.
- Among active providers, Fidelity took the top spot with March inflows of $4.5 billion. While BlackRock/iShares continued to provide some competition, Vanguard again dominated passive flows during the month. PIMCO's outflows since January 2014 reached $186.2 billion, a 35 percent decrease in assets. However, PIMCO Total Return, which has a Morningstar Analyst Rating™ of Bronze, had March outflows of $7.7 billion, the fund's smallest since Bill Gross left the firm.
To view the complete report, please visit http://www.global.morningstar.com/marchflows15. To view a video recapping March's U.S. asset flow trends, please visit http://bit.ly/march2015flows. 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.
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SOURCE Morningstar, Inc.