March 3, 2015

Morningstar: Investors buying everything but equities


Morningstar’s U.S. Asset Flows update for January 2015 shows balanced flows for actively managed assets. Municipal-bonds and sector-equity funds led the field, with every category group except U.S. equity showing positive flows. U.S. equity and taxable-bond funds both showed outflows on a trailing one-year basis, while international-equity and allocation funds received the largest inflows.
Active taxable showed its largest monthly outflows of 2014 in December, but rebounded somewhat during January. Passive taxable bond funds were the most popular in January, showing $10.9 billion in inflows.
Passive U.S. equity showed an interesting negative flow in January. After several months of strong inflows, the trend was reversed in the last month, largely thanks to one ETF – SPDR S&P 500 SPY. For full details, please see Morningstar’s report here.

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