CHICAGO, Dec. 14, 2011 /PRNewswire/ -- Morningstar,
Inc. (Nasdaq: MORN), a leading provider of independent investment
research, today reported estimated U.S. mutual fund asset flows
through November 2011. Investors
redeemed a net $6.3 billion from
long-term mutual funds in November. With one month remaining in
2011, year-to-date inflows for long-term funds are down 70 percent
from inflows of $244.1 billion seen
in the full year of 2010.
Additional highlights from Morningstar's report on mutual
fund flows:
- Taxable-bond funds dominated the broad asset classes in
November with inflows of $10.2
billion. The intermediate-term bond category alone saw
inflows of $8.5 billion.
- Municipal-bond funds experienced their best month since
August 2010 with inflows of
$3.1 billion.
- U.S.-stock funds saw steady outflows across the major
categories again in November. The asset class lost $12.5 billion to outflows during the month, with
large-cap offerings sustaining the worst losses.
- International-stock funds, with outflows of $4.3 billion, had their worst month since
May 2010. Diversified
emerging-markets stock funds remained a bright spot for the asset
class, though, attracting nearly $740
million in November for the category's ninth consecutive
month of inflows.
To view the complete report, please visit
http://www.global.morningstar.com/novflows11. To view a video
recapping November's U.S. fund flow trends, please visit
http://bit.ly/novflows. 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.