CHICAGO, Aug. 13, 2012 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows through July 2012. Long-term mutual fund flows bounced back in July with $24.6 billion in inflows following just $10.8 billion in June.
Additional highlights from Morningstar's report on mutual fund flows:
- The $13.8 billion increase in flows in July compared to June was primarily attributable to a spike in taxable bond inflows, which more than doubled to $23.6 billion from the previous month.
- U.S. stock outflows declined slightly to $8.2 billion from $8.5 billion in June. If ETF inflows were included, then U.S. stock outflows were just $700 million in July.
- Diversified emerging-market equity funds took in over $1.3 billion in July, but momentum has been slowing since February when the category welcomed nearly $3.2 billion in new money.
- PIMCO ended Vanguard's run at the top of the monthly leader board, absorbing nearly $6.6 billion in new money in July led by its Total Return fund, which accounted for $2.1 billion in inflows. On the flip side, the American Funds extended its consecutive-outflows streak to 37 months with nearly $4.2 billion exiting the family.
To view the complete report, please visit http://www.global.morningstar.com/julyflows12. To view a video recapping July's U.S. fund flow trends, please visit http://bit.ly/JulyFlows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
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