CHICAGO, July 15 /PRNewswire-FirstCall/ -- Morningstar,
Inc. (Nasdaq: MORN), a leading provider of independent investment
research, today reported estimated U.S. mutual fund and
exchange-traded fund asset flows through June 2010. After registering outflows in May,
flows into U.S. mutual funds reached $13.5
billion in June. Mutual funds saw inflows in five of the
last six months, gathering $166.7
billion in the first half of 2010, which is about 24% higher
than total inflows for the same period in 2009. June marked the
fifth consecutive month of inflows for U.S. ETFs. Investors poured
more than $9.9 billion into ETFs
during the month, bringing the year-to-date total to $34.0 billion.
Additional highlights from Morningstar's report on mutual
fund flows:
- Investors added $17.6 billion to
taxable-bond funds in June, bringing the total inflows to
$119.6 billion during the first two
quarters of 2010. Municipal-bond funds took in nearly $2.0 billion in June and $19.5 billion for the year-to-date period.
- Despite the year-to-date losses sustained by the MSCI EAFE
Index and continuing worry about the downturn in foreign stocks,
year-to-date inflows for international-equity funds reached
$19.6 billion, while domestic-stock
funds experienced outflows of nearly $17.0
billion.
- Alternative mutual funds, many of which were launched since the
credit crisis, have recorded record inflows. PIMCO Fundamental
Advantage Total Return has the led the way, taking in nearly
$3.3 billion over the past 12 months
through June.
- Money market funds have lost $790.5
billion in assets over the past 12 months, with almost 80%
of those outflows coming from institutional share classes.
Additional highlights from Morningstar's report on ETF
flows:
- In June, as well as for the year-to-date period and the
trailing one-year period, taxable-bond ETFs led all ETF asset
classes with more than $4.7 billion
in net inflows.
- Inflows of roughly $2.6 billion
in June into SPDR S&P 500 SPY bolstered overall flows for
domestic-stock ETFs, which reached $2.7
billion in the month. While large- and mid-cap U.S. stock
ETFs had net inflows in June, small-cap ETFs saw large
outflows.
- While flows into iShares MSCI Germany Index EWG and iShares
FTSE/Xinhua China 25 likely
represent investors repositioning their international-stock
exposure to include Germany and
China amid the sovereign debt crisis in Europe, most single-country ETFs experienced
outflows in June.
- SPDR Gold Shares GLD was the second-most popular ETF in June,
with inflows of $2.1 billion. Gold
ETFs experienced strong inflows during the month, while funds that
provide exposure to energy markets by rolling one-month futures
contracts led outflows for commodities ETFs.
To view the complete report, please visit
http://www.global.morningstar.com/juneflows10. For more information
about Morningstar Fund Flows, please visit
http://global.morningstar.com/fundflows.
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
Internet, software, and print-based products and services for
individuals, financial advisors, and institutions. Morningstar
provides data on approximately 350,000 investment offerings,
including stocks, mutual funds, and similar vehicles, along with
real-time global market data on more than 4 million equities,
indexes, futures, options, commodities, and precious metals, in
addition to foreign exchange and Treasury markets. The company has
operations in 21 countries and a minority ownership position in a
company based in one other country.
©2010 Morningstar, Inc. All rights reserved.
MORN-R
Media Contact:
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Carling Spelhaug of Morningstar,
Inc., +1-312-696-6150, carling.spelhaug@morningstar.com
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SOURCE Morningstar, Inc.