CHICAGO, June 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 May 2015. Investors continued to direct money to international-equity and taxable-bond funds in May. International equity led all Morningstar category groups with inflows of $24.0 billion, most of which went to passive strategies. 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 May:
- Outflows for active U.S. equity funds slowed to $13.0 billion after an April outflow of $18.9 billion that was the category group's largest since July 2011.
- Foreign large blend funds topped all Morningstar categories in terms of May inflows, illustrative of the general move toward international equity. Intermediate-term bond funds led the way among taxable-bond offerings.
- May was a difficult month for providers of active strategies. Among the 10 largest firms, American Funds, T. Rowe Price, and J.P. Morgan managed to stay in positive territory, but overall flows for each totaled less than $1.0 billion.
- PIMCO Total Return, which has a Morningstar Analyst Rating™ of Bronze, led outflows among active funds for the 10th consecutive month, although its $2.6 billion outflow was the smallest since Bill Gross left PIMCO last September. Meanwhile, Silver-rated PIMCO Income landed fifth among active funds with the greatest inflows for the month.
To view the complete report, please visit http://www.global.morningstar.com/mayflows15. To view a video recapping May's U.S. asset flow trends, please visit http://bit.ly/may2015flows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
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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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