Morningstar: International and bonds see flows; US equities don't

This week Morningstar has released its Open-End Asset Flows Update for June 2014. International equity funds continue to lead all category groups this year, with $67.5 billion in inflows so far. Taxable-bond funds also show strong inflows, gaining $59.2 billion since January—more than double the inflows for all of last year—despite the expectation for a rise in rates.

 

U.S equity funds showed a second month of outflows in June, losing $8.3 billion—that’s the largest outflow for the group in 18 months. Long-term mutual funds, however, gained $24.0 billion in international-equity funds and taxable-bond funds. This brings the long-term mutual fund category to a record $11.7 trillion, a significant gain on its pre-financial crisis record.

For the full report, click here.