In the news release, Morningstar Reports U.S. Mutual Fund Asset
Flows Through December 2011, issued
13-Jan-2012 by Morningstar, Inc. over
PR Newswire, we are advised by the company that some numbers have
changed. The complete, corrected release follows:
Morningstar Reports U.S. Mutual Fund Asset Flows Through December
2011
CHICAGO, Jan. 13, 2012 /PRNewswire/ -- Morningstar,
Inc. (NASDAQ: MORN), a leading provider of independent investment
research, today reported estimated U.S. mutual fund asset flows
through December 2011. Long-term
mutual funds had a second consecutive month of net redemptions with
outflows of $9.8 billion in December.
Long-term funds have now experienced outflows in five of the last
seven months to mark the worst stretch since the late 2008-early
2009 financial crisis. Including funds that merged or liquidated
during the year, long-term funds collected inflows of just
$67.1 billion in 2011.
Additional highlights from Morningstar's report on mutual
fund flows:
- U.S.-stock funds continued to be the primary driver of
outflows, as they shed $17.7 billion
in December and about $84.7 billion
for the year. 2011 was the sixth consecutive year of U.S.-stock
outflows and the worst year for the asset class since $121.2 billion fled in 2008.
- Although December saw international-stock funds suffer their
worst monthly outflows since March
2009 with redemptions of $6.5
billion, outflows for the asset class were roughly flat for
the year, leaving them about $85.2
billion ahead of U.S.-stock funds in 2011.
- Municipal-bond fund flows steadily improved during 2011, with
the trend turning positive after outflows peaked at $13.3 billion in December
2010. The asset class finished strong with inflows of
$4.8 billion in December, its
strongest month since August
2010.
- Across all asset classes, passively managed long-term funds had
inflows of $76.4 billion in 2011,
narrowly exceeding the $74.7
billion collected in 2010. The bulk of these inflows
went into international-stock and taxable-bond funds. Meanwhile,
actively managed funds shed approximately $9.4 billion in 2011.
To view the complete report, please visit
http://www.global.morningstar.com/decflows11. To view a video
recapping December's U.S. fund flow trends, please visit
http://bit.ly/decflows. 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.
©2012 Morningstar, Inc. All Rights Reserved.
MORN-R
Media Contact:
Carling Spelhaug, 312-696-6150 or
carling.spelhaug@morningstar.com
SOURCE Morningstar, Inc.