Morningstar Reports U.S. Mutual Fund and ETF Asset Flows Through October 2009
November 12 2009 - 10:34AM
PR Newswire (US)
CHICAGO, Nov. 12 /PRNewswire-FirstCall/ -- Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment
research, today reported U.S. mutual fund and ETF asset flows
year-to-date through October. Total inflows into U.S. mutual funds
reached $314.1 billion, far surpassing the $154.2 billion that
investors pulled out of the market in 2008, with $40.3 million in
inflows occurring during October. ETFs continued to attract assets
in October. Overall, ETFs saw slightly more than $8.0 billion in
net inflows for the month, bringing the year-to-date total net
inflows to $63.9 billion. Industry-wide, assets under management as
of Oct. 31, 2009 fell to $699.2 billion, down slightly from the
previous month because of market performance. Additional highlights
from the report on mutual funds: -- Dimensional Fund Advisors
topped the list of firms with the greatest inflows, while American
Funds remains the only firm among the largest five fund families to
have outflows year to date. -- U.S. equity funds saw outflows of
$8.1 billion in October, marking the second straight month that
U.S. stock funds lost assets while bond funds gained assets.
Large-growth and large-value funds experienced the largest
declines. -- International equities have stopped bleeding and are
now in positive territory. The group, bolstered by flows into
world-allocation and diversified emerging markets, gathered $5.1
billion in assets in October. Additional highlights from the report
on ETFs: -- Taxable-bond ETFs had roughly $2.7 billion in net
inflows for the month, led by Treasury Inflation-Protected
Securities (TIPS) as a hedge against inflation. iShares Barclays
TIPS Bond TIP took in $667.7 million in new net assets in October
and $7.2 billion year to date. -- For the second consecutive month,
U.S. stock ETFs were the only category to see net redemptions, with
approximately $3.8 billion in net outflows. The S&P
500-tracking SPDRs SPY, which had $2.1 billion in net outflows in
October and has shed $33.0 billion in assets year to date, topped
the list. -- ETFs offering exposure to commodities or
commodity-based strategies saw net inflows of $567.0 million in
October after attracting more than $1.4 billion in September. In
October, the bulk of the inflows, $551.9 million, went to gold
bullion ETFs. -- Amid the daily headlines touting the weakness of
the U.S. dollar, investors poured $548.4 billion into currency
ETFs, or nearly 50% of the category's $1.2 billion in total
year-to-date inflows. To view the complete report, please visit
http://www.global.morningstar.com/octflows09. 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 more than
325,000 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 20 countries and minority
ownership positions in companies based in two other countries.
Media Contact: Carling Spelhaug, 312-696-6150 or ©2009 Morningstar
Inc. All rights reserved. MORN-R DATASOURCE: Morningstar, Inc.
CONTACT: Carling Spelhaug of Morningstar, Inc., +1-312-696-6150,
Web Site: http://www.morningstar.com/
Copyright