CHICAGO, Dec. 16, 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 November 2021. Long-term mutual funds and ETFs
collected $81 billion in November 2021, in line with October's
$84 billion intake. Passively managed
strategies' $83 billion intake
represented nearly all of November's inflows while active
strategies had outflows of $2
billion.
Morningstar's report about U.S. fund flows for November 2021 is available here. Highlights from
the report include:
- ETFs, the vast majority of which are passively managed, had a
$78 billion intake, while open-end
funds had approximately $3 billion of
inflows. Taxable-bond funds' $26
billion inflow led all category groups, though their pace of
inflows has slowed since earlier in the year.
- Inflation-protected bond funds extended their record year with
$8.3 billion of inflows in
November.
- U.S. equity funds had $19.5
billion of inflows in November driven by demand for
passively managed offerings.
- After a strong start to the year, international equity funds'
intake was less than U.S. equity funds' for the second consecutive
month. Their $16 billion inflow in
November was similarly driven by flows into passive funds.
- Alternative funds have collected at least $2 billion in every month in 2021, led by the
options-trading category's $12.6
billion year-to-date inflow. Many funds in this category
offer hedged exposure to equity markets, suggesting investors may
be seeking ways to mitigate their downside risk if the current bull
rally reverses course.
- Interest in funds with environmental, social, and governance
(ESG) objectives remained strong in November with $6.2 billion of inflows. Flows into funds with
sustainability mandates incorporated into their prospectuses, as
measured by Morningstar, were positive across all seven U.S.
category groups offering such options.
- Vanguard led fund families in November
2021 with $29.3 billion of
inflows. Vanguard has pulled in more money for the year to date,
$357 billion, than the combination of
its three next-closest competitors: iShares, Fidelity, and State
Street, $353 billion.
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 Sept. 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.
©2021 Morningstar, Inc. All Rights Reserved.
MORN-R
Media Contact:
Landon Hudson, +1 312 696-6037 or
newsroom@morningstar.com
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SOURCE Morningstar, Inc.