CHICAGO, Oct. 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 September 2015. International-equity funds—especially those with exposure to Europe, the region most likely to see potential future growth in light of the European Central Bank's ongoing quantitative easing—absorbed the majority of September flows. The international-equity category group took in $5.7 billion. 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 September:
- Taxable-bond funds sustained another month of outflows, although the total outflow for active and passive funds combined was smaller than in previous months. However, in a sign that investors may be willing to accept the lower yields of some categories in exchange for less risk, the short- and long-government Morningstar categories were among those with the highest inflows for the second consecutive month.
- Alternative was the only category group with active-fund inflows for the second consecutive month, collecting $719 million.
- After heavy outflows in August, BlackRock/iShares rebounded in September, and iShares' passive inflows surpassed Vanguard's for the first month this year.
- PIMCO Total Return, which has a Morningstar Analyst Rating™ of Bronze, reclaimed its position as the fund with the largest outflows for the month. Unrated Bridge Builder Municipal Bond and Gold-rated Vanguard Total International Stock led the list of active and passive funds, respectively, with the highest September inflows.
To view the complete report, please visit http://www.global.morningstar.com/septflows15. To view a video recapping third-quarter U.S. asset flow trends, please visit http://bit.ly/q3flows2015. 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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