CHICAGO, June 15, 2011 /PRNewswire/ -- 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 May
2011. Estimated long-term mutual fund flows reached
$22.6 billion in May, but this was
still the fourth consecutive monthly decline since inflows of
$29.8 billion in January. After
inflows of $23.3 billion in April,
U.S. ETFs lost about $3.1 billion to
outflows in May.
Additional highlights from Morningstar's report on mutual
fund flows:
- U.S. stock funds recorded their first significant outflows of
the year, as the asset class lost $4.5
billion in May.
- Although inflows have slowed, international-stock funds
collected assets of about $1.5
billion during the month. Diversified emerging-markets
equity funds accounted for the majority of these inflows.
- For the fifth consecutive month, inflows increased for
taxable-bond funds. Investors added $20.8
billion in new money to the asset class in May, but with a
slightly diminished taste for credit risk. Flows into
municipal-bond funds were flat after six consecutive months of
outflows.
- Following a steep drop in silver and other commodity prices,
commodities funds fell more than five percent on average and
experienced outflows of more than $500
million in May.
Additional highlights from Morningstar's report on ETF
flows:
- Although three U.S. stock ETFs placed in May's top-five ETFs by
inflows, the U.S. stock asset class saw outflows of $2.7 billion during the month.
- Outflows from international-stock ETFs totaled $1.1 billion in May after inflows of $6.8 billion and $7.1
billion in March and April, respectively.
- Commodities ETFs realized the largest outflow of any ETF asset
class in May, as investors withdrew $3.7
billion. May's redemptions also marked the single largest
net monthly outflow for commodities ETFs.
- Taxable-bond ETFs made a healthy contribution to overall ETF
flows again in May. The asset class' inflows of $2.1 billion were second only to alternative
ETFs, which also saw inflows of about $2.1
billion.
To view the complete report, please visit
http://www.global.morningstar.com/mayflows11. For more information
about Morningstar Fund Flows, please visit
http://global.morningstar.com/fundflows.
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 or future
results.
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 390,000 investment offerings,
including stocks, mutual funds, and similar vehicles, along with
real-time global market data on more than 5 million equities,
indexes, futures, options, commodities, and precious metals, in
addition to foreign exchange and Treasury markets. Morningstar also
offers investment management services and has nearly $140 billion in assets under advisement and
management as of March. 31, 2011. The company has operations in 26
countries.
©2011 Morningstar, Inc. All rights reserved.
MORN-R
Media Contact:
Carling Spelhaug, 312-696-6150 or
carling.spelhaug@morningstar.com
SOURCE Morningstar, Inc.