Morningstar, a leading provider of independent investment research, reported estimated U.S. mutual fund asset flows through November 2011. Investors redeemed a net $6.3 billion from long-term mutual funds in November. With one month remaining in 2011, year-to-date inflows for long-term funds are down 70 percent from inflows of $244.1 billion seen in the full year of 2010.
Additional highlights from Morningstar's report on mutual
fund flows:
* Taxable-bond
funds dominated the broad asset classes in November with inflows of $10.2
billion. The intermediate-term bond category alone saw inflows of $8.5 billion.
* Municipal-bond
funds experienced their best month since August 2010 with inflows of $3.1
billion.
* U.S.-stock
funds saw steady outflows across the major categories again in November. The
asset class lost $12.5 billion to outflows during the month, with large-cap
offerings sustaining the worst losses.
* International-stock
funds, with outflows of $4.3 billion, had their worst month since May 2010.
Diversified emerging-markets stock funds remained a bright spot for the asset
class, though, attracting nearly $740 million in November for the category's
ninth consecutive month of inflows.
Click to view the complete report or video recapping November's trends.
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