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.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.
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