November 13, 2013
Morningstar, Inc. recently reported estimated U.S. mutual fund asset flows for
October 2013. U.S. equity funds
collected $10.5 billion, their highest monthly inflow since
January. International-equity funds also had a solid month, leading all
category groups with inflows of $12.2 billion. But continued
outflows from taxable- and municipal-bond funds tempered overall inflows, which
totaled $17.8 billion for the month.
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November 5, 2013
Villere & Co. won the 2013 Star Award for Best Advisor Communications Introduction Kit (small funds category) in the annual Mutual Fund Education Alliance (MFEA) STAR Awards. The program was designed by SunStar Strategic to introduce Villere’s newest mutual fund in May. The STAR Awards honor excellence in diverse areas of mutual fund communications and marketing.
October 18, 2013
Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows for
Long-term mutual funds collected tepid inflows of $2.5 billion
during the month, as municipal-bond funds saw a seventh consecutive month of
outflows. Since March, muni-bond funds have lost $48.1 billion
to outflows, surpassing redemptions of $44.8 billion seen from November
2010 through August 2011. Taxable-bond funds endured
their fourth-straight month of outflows, although the pace of selling slowed
relative to June's record outflows. Morningstar
estimates net flow by computing the change in assets not explained by the
performance of the fund. Click here for a full explanation of Morningstar's
Additional highlights from Morningstar's report on mutual fund flows:
- U.S. equity funds saw their largest monthly outflow for
the year to date, but the
$3.3 billionin redemptions was small compared with the $9.1 billionaverage monthly outflow seen by the category group in 2012.
- International-equity funds led all category groups in
September with inflows of
$7.3 billion; the group also leads all others for the year-to-date period with inflows of $103.2 billion.
- Alternative mutual funds had the highest organic growth
rate among category groups, but the growth was largely driven by just one
fund—MainStay Marketfield. The fund, which has a
MorningstarAnalyst Rating™ of Bronze, brought in $1.7 billionfor the month and $10.2 billionyear to date.
- Vanguard had the highest provider-level inflows with
$3.2 billion, followed by Goldman Sachs and Dimensional Fund Advisors. PIMCO saw outflows of $6.5 billion; since June, heavy outflows of $30.2 billionfrom PIMCO Total Return have contributed to the firm's overall outflows of $38.2 billion.
October 4, 2013