June 16, 2014

Morningstar: International and sector funds see flows

Morningstar’s May 2014 asset flows report showed strong growth in long-term mutual funds with the category adding $23.4 billion during May. With the stock market at an all-time high, there has been more investment interest in international and sector funds than their domestic counterparts. Transfers from mutual funds to collective investment trusts at Fidelity accounted for some of the $6.9 billion outflows from U.S.-equity funds, but strong market appreciation kept assets in the category-group at near record levels. Taxable-bond funds and municipal-bond funds continued to see inflows during May. Foreign large blend showed the largest inflows across categories with $3.9 billion while the bank-loan category shed $1.7 billion and intermediate-term bonds had a third consecutive month on inflows.

For Morningstar’s full report, click here.

No comments:

Post a Comment