- 2012 outflows from actively managed U.S.-stock mutual funds surpassed those seen in 2008 despite the fact that the S&P 500 was up 16 percent for the year. Even when exchange-traded funds are included, large-cap U.S.-stock funds have seen net outflows over the trailing five-year period and in each of the last four years.
- Intermediate-term bond funds attracted the greatest inflows of any Morningstar Category for the fourth year in a row, taking in $109.9 billion in 2012. This was almost three times the inflows of $37.5 billion seen by the runner-up, short-term bond.
- Vanguard and PIMCO captured 61 percent of net inflows in 2012, compared with 30 percent in 2011 and 46 percent in 2009.
- DoubleLine Total Return Bond, which has a Morningstar Analyst Rating of Neutral, tallied 2012 inflows of $19.6 billion to edge out Gold-rated PIMCO Total Return, which collected $18.0 billion, for the year's greatest open-end fund inflows. The inclusion of BOND, the ETF incarnation of PIMCO Total Return that saw inflows of $3.8 billion in 2012, would move Bill Gross into first place in terms of overall inflows.
Morningstar Reports U.S. Mutual Fund Asset Flows Through December 2012
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