Morningstar: International and bonds see inflows
Morningstar has released its US Asset Flows Update through
August 31, 2014. $32.6 billion entered long-term mutual funds and ETFs during
August, led by strong flows to international-stock funds as well as fixed
income. Active US Equity Funds saw outflows for the sixth straight month,
leading a $4.1 billion loss for US equity focused funds.
Long-term mutual fund and ETF assets grew to $13.9 trillion,
exhibiting 11% organic growth over the last year. In comparison, active funds
have grown only 2% in the same time.
Morningstar has begun to include both mutual funds and ETFs
in their US Asset Flows Update. This reflects the significant share of assets
and flows that ETFs now hold.
For the complete report, please click here.
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