Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Mutual Funds > Equity Funds

August Fund Flows Up to Nearly $17 Billion

By Janet Levaux

X
Your article was successfully shared with the contacts you provided.

Morningstar says flows into long-term mutual funds increased by more than 11 percent in August to $16.8 billion, with fixed-income funds receiving the majority of these assets.

However, outflows from U.S. ETFs reached $1.3 billion in August, ending a six-month streak of inflows, the research firm said September 14.

Taxable-bond funds accumulated assets of $168.5 billion year to date, with much of these inflows likely attributable to low yields on money market funds, Morningstar says. Money market funds have seen outflows in 16 of the 19 months since February 2009, for a total loss of nearly $1.0 trillion.

Outflows persisted for U.S. stock funds, with redemptions of $14.3 billion in August, especially in the large growth and large value Morningstar categories.

Domestic-equity funds have seen outflows of $42.2 billion in 2010 and $25.7 billion in 2009, but U.S. stock funds still have total net assets of more than $2.9 trillion. In addition, passively managed domestic-equity funds have seen inflows in 34 of the past 36 months, according to Morningstar.

International-stock ETFs had inflows of $4.4 billion, the highest of all asset classes for the second-straight month, thanks to strong demand for emerging-markets ETFs.

SPDR S&P 500 (SPY), the largest ETF in terms of net assets, saw outflows of $6.6 billion in August, as investors moved their assets into higher-yielding equity strategies.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.