Morningstar Reports U.S. Mutual Fund and ETF Asset Flows Through November 2009
December 14 2009 - 10:53AM
PR Newswire (US)
CHICAGO, Dec. 14 /PRNewswire-FirstCall/ -- Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment
research, today reported U.S. mutual fund and exchange-traded fund
asset flows year-to-date through November. Total inflows into U.S.
mutual funds reached $350.4 billion, with $34.6 billion of these
assets added in November. ETFs had $14.0 billion in inflows in
November, marking the ninth consecutive month of net inflows for
the industry, bringing the year-to-date total to $77.8 billion.
Additional highlights from the report on mutual funds: -- Although
bond funds still represent the majority of November's inflows,
investors now appear to be easing up on the fixed-income peddle, as
November taxable and municipal-bond inflows dropped to $33.5
billion. -- Among the equity funds, investors continued to favor
foreign-equity funds over domestic-equity funds. Net flows were
negative for domestic-stock funds, while foreign-equity funds
received more than $5.4 billion in assets. -- For five months in a
row and for the eighth time in 2009, Vanguard's combined open-end
and ETF monthly flows exceeded $10 billion. Fidelity saw net
outflows for the second month in a row. -- Of the $8.8 billion in
inflows into TCW fixed-income funds this year, $8.4 billion (96% of
fixed-income flows) went to the TCW Total Return Bond Fund, which
was previously managed by the recently ousted Jeffrey Gundlach.
Additional highlights from the report on ETFs: -- November marked
the busiest month so far in 2009 for ETF providers in terms of new
product launches with 24 new ETFs introduced to the market,
bringing the year-to-date total to 116 new ETF launches. --
Following another strong month for emerging-markets ETFs, the
international-equity category brought in $4.0 billion, the most
among the broad asset classes. -- ETF investors made bullish bets
on the dollar, funneling $1.1 billion into currency ETFs in
November and $2.3 billion year to date. -- Investors were placing
bearish bets last month, as evidenced by the $1.0 billion in net
inflows for inverse ETFs for a year-to-date total of $19.9 billion.
To view the complete report, please visit
http://www.global.morningstar.com/novflows09. 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.
©2009 Morningstar Inc. All rights reserved. MORN-R Media Contact:
Carling Spelhaug, 312-696-6150 or DATASOURCE: Morningstar, Inc.
CONTACT: Carling Spelhaug of Morningstar, Inc., +1-312-696-6150,
Web Site: http://www.morningstar.com/
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