September 18, 2012

Morningstar reports US mutual fund asset flows through August 2012


Morningstar reported estimated U.S. mutual fund asset flows through August 2012. Long-term mutual fund inflows were just $20.7 billion in August, as open-end U.S.-stock funds tallied yet another month of outflows, losing $14.3 billion.

Additional highlights from Morningstar's report on mutual fund flows:
  • Investors poured $26.4 billion into taxable-bond funds ($30.0 billion if ETF flows are included) and another $5.6 billion into municipal-bond funds in August. Altogether, inflows into these funds surpassed $1.1 trillion since the end of 2008 when the Fed cut rates to zero.
  • U.S.-stock mutual funds and ETFs bled $22.4 billion in August, making it the worst month in two years and the fifth worst during the past five years for the asset class.
  • International-stock funds had $2.8 billion in outflows, the group's worst showing since December 2011.
  • Investors seem to have lost their taste for world-bond and inflation-protected bond funds. These two former market darlings absorbed just over $600 million in combined August inflows.
  • Old Westbury burst on the scene in August with inflows of $1.4 billion, while the American Funds logged another $5.5 billion in outflows.
To view the complete report, please visit http://www.global.morningstar.com/augustflows12. To view a video recapping August's U.S. fund flow trends, please visit http://bit.ly/augflows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.

Read more here: http://www.sacbee.com/2012/09/17/4827573/morningstar-reports-us-mutual.html#storylink=cpy

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