Morningstar reported
estimated U.S. mutual fund and exchange-traded
fund asset flows for February 2016 .
Taxable-bond funds led inflows by category group for
the first time since October 2015 , driven by inflows of $12.9
billion to passive taxable-bond offerings.
While U.S.
equity funds sustained outflows again in February, the month's redemptions
of $4.5 billion were much smaller than January's $14.8
billion . International equity, the category-group leader for many
months, saw smaller but still-positive flows in February, mostly to
actively managed funds. Commodities funds experienced a stronger
February than January, with gold driving most of their $6.3 billion
inflow.
As of the end of February, flows by category group were
distributed quite differently than they were 12 months ago, when
international-equity funds received the majority of inflows. After the
first two months of 2016, flows were almost evenly distributed among
category groups—some positive and some negative—but no category has
clearly dominated.
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