Morningstar Reports U.S. Mutual Fund Asset Flows for May 2014

June 13, 2014

CHICAGO, June 13, 2014 /PRNewswire/ — Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows for May 2014. Investors added $23.4 billion to long-term mutual funds in May. With the stock market at all-time highs, equity investors continued to show more interest in international and sector funds than their domestic counterparts. Additional transfers of assets from mutual funds to collective investment trusts (CITs) at Fidelity contributed to some of the $6.9 billion outflow from U.S.-equity funds, but market appreciation kept assets in the category group at near-record levels. 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:

    --  Taxable-bond funds attracted new assets of $9.5 billion in May, their
        fifth straight month of inflows following seven months of redemptions,
        beginning with record outflows of $44.4 billion in June 2013. Meanwhile,
        municipal-bond fund inflows of $3.7 billion in May were their strongest
        in 16 months, yet total assets in these funds remain below levels
        reached a year ago.
    --  Foreign large blend led all categories with inflows of $3.9 billion in
        May; among international categories, India Equity enjoyed the fastest
        organic growth rate. After 21 months of inflows, the bank-loan category
        suffered its second month of outflows in May, shedding $1.7 billion,
        while high-yield bond funds attracted $1.7 billion.
    --  The intermediate-term bond category enjoyed its third consecutive month
        of inflows. While PIMCO has lost market share in the category,
        Metropolitan West Total Return Bond, which has a Morningstar Analyst
        Rating(TM) of Gold, Gold-rated Dodge & Cox Income, and Silver-rated T.
        Rowe Price New Income have each gained share over the past year and had
        strong flows in May.

To view the complete report, please visit http://www.global.morningstar.com/mayflows14. To view a video recapping May’s U.S. asset flow trends, please visit http://bit.ly/may2014flows. 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 about the above mentioned mutual funds should not be considered a solicitation to buy or sell that fund.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 456,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and had approximately $164 billion in assets under advisement and management as of March 31, 2014. The company has operations in 27 countries.

©2014 Morningstar, Inc. All Rights Reserved.


Media Contact:

Carling Spelhaug, +1 312 696-6150 or carling.spelhaug@morningstar.com

SOURCE Morningstar, Inc.

Source: PR Newswire

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