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Morningstar Reports U.S. Mutual Fund and ETF Fund Flows for March 2019
CHICAGO, April 17, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S.
About this update from Morningstar, Inc.
[{"type":"text","content":"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.\nMorningstar's report about U.S. fund flows for March is available here. Highlights from the report include:\nOverall, 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. \nThe information contai...