- Following the Fed's announcement that it will keep short-term rates near zero through mid-2015, investors revealed a willingness to take on risk within fixed income. Riskier categories such as emerging-markets bond, high-yield bond, and bank-loan each saw inflows of approximately $2.0 billion during the month.
- The largest fixed-income category, intermediate-term bond, collected new assets of more than $13.2 billion, bolstered by inflows of $2.8 billion for PIMCO funds and more than $1.4 billion for DoubleLine.
- Within equities, nearly every category saw outflows, led by large-growth with redemptions of $5.0 billion. While open-end equity mutual funds lost assets of $16.8 billion, nearly an equal amount flowed into equity exchange-traded funds.
- Dividend-focused funds have attracted $17.3 billion in assets this year, even as U.S.-stock funds lost $82.6 billion overall.
Morningstar Reports U.S. Mutual Fund Asset Flows Through September 2012
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