CHICAGO, Nov. 10, 2011 /PRNewswire/ -- Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment
research, today reported estimated U.S. mutual fund asset flows
through October 2011. Long-term
mutual fund inflows amounted to a mere $745
million in October, but this total masks a huge disparity
between flows into stock and bond funds. Combined U.S.-stock and
international-stock outflows of $21.1
billion roughly mirrored inflows of $23.7 billion to taxable- and municipal-bond
funds.
Additional highlights from Morningstar's report on mutual
fund flows:
- Investors redeemed $18.2 billion
from U.S.-stock funds in October, the greatest monthly outflow for
the asset class since $22.7 billion
in July.
- Overall, U.S.-stock outflows reached $53.5 billion for the year to date. Outflows for
the asset class are on pace to match or exceed 2010's redemptions
of $63.6 billion and 2008's record
outflow of $77.4 billion, especially
given that outflows from the asset class have picked up in the
second half of the year for the last five calendar years.
- Inflows of $2.1 billion to
diversified emerging-markets equity funds prevented
international-stock funds, which sustained outflows of $2.9 billion in October, from losing even more.
Emerging-markets equity funds have seen strong monthly
inflows in 2011 despite the fact that these funds are significantly
underperforming U.S.-stock funds.
- Taxable-bond funds, with inflows of $21.7 billion, had their strongest month since
September 2010. Intermediate-term and
high-yield funds dominated the asset class, taking in a combined
$18.6 billion during the month.
High-yield bond funds had a record month for inflows, collecting
$8.8 billion in new assets.
To view the complete report, please visit
http://www.global.morningstar.com/octflows11. To view a video
recapping October's U.S. fund flow trends, please visit
http://www.morningstar.com/Cover/videoCenter.aspx?id=445169. 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
products and services for individuals, financial advisors, and
institutions. Morningstar provides data on approximately 330,000
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
through its investment management subsidiaries and has more than
$167 billion in assets under
advisement and management as of Sept. 30,
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.