Morningstar: Passive equities continue to flow

The departure of Bill Gross from PIMCO continues to play a role in asset flows for Morningstar’s active taxable-bond category. As a whole, the category lost $23.1 billion in October. Once the PIMCO Total Return fund is extracted from the equation, though, active taxable-bonds gained $9.2 billion last month. Bill Gross’ former fund dragged the entire category down with outflows of $32.3 billion. Overall, bond flows seem to have regained stability following Gross’ exit.

Passive U.S. equity funds maintained their popularity, gaining $28.8 billion in October while actively managed funds saw outflows of $9.4 billion. Meanwhile, international equity funds saw their first month of outflows for 2014.

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