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Morningstar Reports U.S. Mutual Fund Asset Flows Through November 2012
By: PR Newswire
Dec. 17, 2012 10:19 AM
CHICAGO, Dec. 17, 2012 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows through November 2012. Outflows from U.S.-stock funds are on pace to surpass 2008's record outflow of $96.7 billion. The asset class shed another $14.1 billion in November, with particularly strong outflows from growth-oriented offerings.
However, the selling of active equity funds has not been indiscriminate—those with lower expenses have experienced slower outflows than higher-fee funds. Within the U.S.-stock broad asset class, funds with a Morningstar Analyst Rating of Gold, Silver, or Bronze have exhibited slower rates of decline than Neutral- or Negative-rated funds. Meanwhile, investors continued to shift assets to fixed-income funds, as open-end taxable-bond funds and municipal-bond funds collected $17.9 billion and $5.2 billion, respectively.
Additional highlights from Morningstar's report on mutual fund flows:
To view the complete report, please visit http://www.global.morningstar.com/novflows12. To view a video recapping November's U.S. asset flow trends, please visit http://bit.ly/nov12flows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
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.
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©2012 Morningstar, Inc. All Rights Reserved.
SOURCE Morningstar, Inc.
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