CHICAGO, Nov. 18, 2021 /PRNewswire/ -- Morningstar,
Inc. (Nasdaq: MORN), a leading provider of independent investment
research, today reported estimated U.S. mutual fund and
exchange-traded fund (ETF) flows for October
2021. Long-term mutual funds and ETFs had $84 billion of inflows in October, up from
$53 billion in September, their
lowest monthly intake of the year. U.S. equity funds had inflows of
$32 billion to lead all U.S. category
groups for the first time since a record $54
billion of inflows in March
2021.
Morningstar's report about U.S. fund flows for October 2021 is available here. Highlights from
the report include:
- After outflows of $7.5 billion in
September, U.S. equity funds brought in $32
billion in October to lead all U.S. category groups. Passive
large-blend funds powered the category group's intake.
- International-equity fund flows outpaced their U.S.
counterparts for much of 2021, but not in October, with
approximately $15 billion of inflows
during the month.
- Sector-equity funds had approximately $6
billion of inflows in October, rebounding from a
$700 million outflow in September.
Investors favored technology and cyclically oriented sector funds
earlier in the year but haven't consistently embraced either since
June.
- Taxable-bond funds had a $22
billion intake, their lowest since March 2020. However, their $486 billion of inflows so far in 2021 is the
most of any category group.
- Demand for environmental, social, and governance-related funds
remained strong in October. Funds with sustainability mandates
incorporated into their prospectuses, as measured by Morningstar,
had $4.9 billion of inflows, bringing
their trailing 12-month intake to $75
billion—a 36.6% organic growth rate.
- IShares had $20.2 billion of
inflows in October, the most among all fund families. That sum
narrowly exceeded the $19.7 billion
that streamed into Vanguard, whose monthly flows had led all fund
families for 10 consecutive months prior to October.
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 of 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 individual investors, financial advisors,
asset managers and owners, retirement plan providers and sponsors,
and institutional investors in the debt and private capital
markets. Morningstar provides data and research insights on a wide
range of investment offerings, including managed investment
products, publicly listed companies, private capital markets, debt
securities, and real-time global market data. Morningstar also
offers investment management services through its investment
advisory subsidiaries, with approximately $260 billion in assets under advisement and
management as of September 30, 2021.
The Company has operations in 29 countries. For more information,
visit www.morningstar.com/company. Follow Morningstar on Twitter
@MorningstarInc.
Morningstar's Manager Research Group consists of various
wholly owned subsidiaries of Morningstar, Inc. including, but not
limited to, Morningstar Research Services LLC. This press release
is for informational purposes only; references to securities or a
separately managed account investment strategy in this press
release should not be considered an offer or solicitation to buy or
sell the securities or to invest in accordance with that
strategy.
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MORN-R
Media Contact:
Landon
Hudson, +1 312 696-6037 or newsroom@morningstar.com
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SOURCE Morningstar, Inc.