Morningstar: Investors still looking overseas

Investors continue to show interest in international equity funds, despite financial concerns in China and Greece. International equity saw the highest inflows of all Morningstar groups in June, with 74% of investments in the group going into passively managed funds.

Despite these strong flows, only international equity and alternative category groups reflected inflows among actively managed funds. It seems investors are looking for diversification and growth overseas.

U.S. equity continued to show inflows for passive funds as the domestic markets near the end of a six-year bull run.

Finally, investors began taking money out of taxable-bond funds in June, with only intermediate-term and world-bond funds receiving inflows.

For more details and Morningstar’s complete report on asset flows for the month of June, please click here.