This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Morningstar Reports U.S. Mutual Fund Asset Flows For October 2013





CHICAGO, Nov. 13, 2013 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows for October 2013. U.S.-equity funds collected $10.5 billion, their highest monthly inflow since January. International-equity funds also had a solid month, leading all category groups with inflows of $12.2 billion. But continued outflows from taxable- and municipal-bond funds tempered overall inflows, which totaled $17.8 billion for the month. Morningstar estimates net flow by computing the change in assets not explained by the performance of the fund. Click here for a full explanation of Morningstar's methodology.

Additional highlights from Morningstar's report on mutual fund flows:

  • Active U.S.-equity funds had strong monthly inflows for only the third time in 2013, a year many heralded as the great rotation into active strategies after years of passive-fund flow dominance. While the trend has not materialized, outflows from active equity funds have amounted to $15.3 billion for the year to date compared with outflows of $131.5 billion in 2012.
  • Equity categories took the top three spots in terms of inflows by category, led by foreign large blend. October was the first month since March that bank loan, nontraditional bond, or world bond did not lead all categories in flows, and the first time in more than a year that the bank-loan category was not in the top five.
  • Inflation-protected bond funds saw their largest outflow on record, with $4.8 billion fleeing the category in October. The average fund in the category has lost 5.9 percent year to date.
  • Vanguard dominated inflows at the provider level in October, collecting new assets of $6.0 billion overall and led by inflows of $2.1 billion for Vanguard Total Stock Market Index Fund. Vanguard's market share of mutual fund assets stands at 17.5 percent, up from 15.6 percent three years ago. American Funds' market share has fallen to 10.0 percent from 12.0 percent over the same period, and PIMCO's has dropped to 5.1 percent after peaking at 6.1 percent in late 2012.

To view the complete report, please visit http://www.global.morningstar.com/octflows13. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows

The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. References to and commentary on the above mentioned mutual funds should not be considered a solicitation to buy or sell that fund.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs