June 15, 2012 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S.
mutual fund asset flows through
May 2012. Long-term mutual funds recorded their smallest monthly intake year to date, with
$14.1 billion in new assets. Among the broad asset classes, taxable-bond funds showed the greatest decline from April inflows of
$16.9 billion to $7.7 billion in May, and U.S-stock funds saw their 13th consecutive month of outflows.
Additional highlights from Morningstar's report on mutual fund flows:
- Although actively managed stock funds—both U.S. and international—have suffered outflows of more than $172.3 billion over the past 12 months, a subset of these, dividend-focused equity-income funds, have bucked the trend and seen inflows of $21.7 billion over the same period.
- After five straight months of strong inflows, high-yield bond funds saw net outflows of $1.2 billion in May as prices fell, but the magnitude of money leaving open-end funds was relatively small compared with past pullbacks.
- Vanguard, led by inflows to its index funds, and JPMorgan had the greatest provider-level inflows during the month. However, MFS was a close third, fueled by inflows of $1.3 billion for MFS Value. American Funds notched its 35th consecutive month of outflows.
- Although money market funds reversed four straight months of outflows, inflows were a negligible $1.4 billion in May.
To view the complete report, please visit http://www.global.morningstar.com/mayflows12. To view a video recapping May's U.S. fund flow trends, please visit http://bit.ly/mayflows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
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