October 15, 2014

Morningstar: Bond fund beneficiaries?

Morningstar reported September 2014 flows this week and, unsurprisingly, Bill Gross’ exit from PIMCO was a factor in investment trends. The taxable-bond Morningstar Category saw outflows of $18.7 billion, its largest single-month loss since June, 2013. However, the PIMCO Total Return Fund alone accounted for $17.9 billion of outflows, making the state of the taxable-bond category look not so bad after all. Which bond funds are benefitting? Meanwhile, active U.S. equity saw its seventh month of outflows while passive U.S. equity experienced its eighth month of inflows, most notably in U.S. and international equity.

For more details and analysis, please see the full report here.

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