CHICAGO, April 17, 2019 /PRNewswire/ -- Morningstar, Inc.
(Nasdaq: MORN), a leading provider of independent investment
research, today reported estimated U.S. mutual fund and
exchange-traded fund (ETF) fund flows for March 2019. Overall, passive U.S. equity funds
took in nearly $24.1 billion while
active U.S. equity funds lost $17.9
billion to outflows. Morningstar estimates net flow for
mutual funds by computing the change in assets not explained by the
performance of the fund, and net flow for U.S. ETFs shares
outstanding and reported net assets.
Morningstar's report about U.S. fund flows for March is
available here. Highlights from the report include:
- Overall, long-term March flows of $44.0
billion capped a solid first quarter. First-quarter
long-term flows were $136.0 billion,
which matched the same period in 2018 and were slightly above the
$128.0 billion average from 2009 to
2018.
- In March, bond funds continued to see inflows with $35.3 billion going to taxable-bond funds and
$8.8 billion to municipal-bond funds.
This was the best quarter for muni funds since 2009, which
collected $27.8 billion over the past
12 months.
- Taxable intermediate-term bond funds fared the best of any
Morningstar Category, with $18.7
billion in inflows. These strong flows reflected the broader
continuing popularity of core-oriented strategies, with large-blend
funds collecting $16.5 billion in
March, followed by $5.0 billion for
foreign-large blend funds and $4.6
billion for muni national intermediate funds.
- Among the 10 largest U.S. fund families, Vanguard led monthly
firm inflows with $21.8 billion. It
benefited from strong interest in its core strategies with its
intermediate-term bond, large-blend, and foreign large-blend
offerings collecting $15.9 billion in
March.
- Vanguard Total Stock Market Index, Vanguard Total International
Stock Index, and Vanguard 500 Index, which all boast Morningstar
Analyst Ratings™ of Gold, took in the second-, third-, and
fourth-highest March inflows with $5.5
billion, $4.3 billion, and
$3.1 billion, respectively. IShares
Core S&P 500 ETF led all funds with $7.3
billion.
- T. Rowe Price had the largest
monthly outflows at $2.9 billion,
which came from a number of different funds. The firm has now seen
outflows in nine of the past 10 months.
To view the complete report, please click here.
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, retirement plan providers and sponsors, and
institutional investors in the 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, and real-time global market
data. Morningstar also offers investment management services
through its investment advisory subsidiaries, with more than
$193 billion in assets under
advisement and management as of Dec. 31,
2018. The company has operations in 27 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. Analyst Ratings are
subjective in nature and should not be used as the sole basis for
investment decisions. Analyst Ratings are based on Morningstar's
Manager Research Group's current expectations about future events
and therefore involve unknown risks and uncertainties that may
cause such expectations not to occur or to differ significantly
from what was expected. Analyst Ratings are not guarantees nor
should they be viewed as an assessment of a fund's or a fund's or
separately managed account's underlying securities'
creditworthiness. 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.
©2019 Morningstar, Inc. All Rights Reserved.
MORN-R
Media Contact:
Rebecca
Rogalski, +1 312 244-7771 or
rebecca.rogalski@morningstar.com
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SOURCE Morningstar, Inc.