CHICAGO, July 16, 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 June 2019. Overall, passive U.S. equity funds saw
$29.5 billion in outflows while
active U.S. equity funds lost $20.2
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 June is available
here. Highlights from the report include:
- In June, long-term open-end mutual funds and ETFs rebounded
with $46.0 billion in inflows after
nearly $2.0 billion in outflows in
May. Despite last month's dip, long-term flows were strong during
2019's first half, totaling $224.0
billion, slightly ahead of 2018's $219.0 billion.
- Passive funds had their best month year-to-date, collecting
$68.6 billion in June while active
funds lost approximately $22.5
billion to outflows.
- Taxable-bond funds recovered from May's weak demand with
$37.4 billion in inflows. Among
active taxable-bond funds, multisector-bond fund Pimco Income,
which holds a Morningstar Analyst Rating™ of Silver, dominated with
$1.9 billion in June inflows. It
finished the first half of 2019 with $13.7
billion in inflows, more than twice that of runner-up Lord
Abbett Short Duration Income.
- Among all U.S. fund families, iShares led in June with
$34.6 billion in inflows, which
benefitted from strong demand for its equity factor ETFs.
Bronze-rated iShares Russell 1000 Value had the largest inflows of
$5.0 billion, while iShares Russell
1000 Growth wasn't far behind with inflows of $4.0 billion in June. For both funds, those
figures were their best monthly inflows ever.
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
$210 billion in assets under
advisement and management as of March 31,
2019. 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
View original content to download
multimedia:http://www.prnewswire.com/news-releases/morningstar-reports-us-mutual-fund-and-etf-fund-flows-for-june-2019-300885829.html
SOURCE Morningstar, Inc.