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Morningstar Reports U.S. Mutual Fund and ETF Fund Flows for October 2021
CHICAGO, Nov. 18, 2021 /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, Nov. 18, 2021 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for October 2021. Long-term mutual funds and ETFs had $84 billion of inflows in October, up from $53 billion in September, their lowest monthly intake of the year. U.S. equity funds had inflows of $32 billion to lead all U.S. category groups for the first time since a record $54 billion of inflows in March 2021.\nMorningstar's report about U.S. fund flows for October 2021 is available here. Highlights from the report include:\nAfter outflows of $7.5 billion in September, U.S. equity funds brought in $32 billion in October to lead all U.S. category groups. Passive large-blend funds powered the category group's intake. International-equity fund flows outpaced their U.S. counterparts for much of 2021, but not in October, with approximately $15 billion of inflows during the month. Sector-equity funds had approximately $6 billion of inflows in October, rebounding from a $700 million outflow in September. Investors favored technology and cyclically oriented sector funds earlier in the year but haven't consistently embraced either since June. Taxable-bond funds had a $22 billion intake, their lowest since March 2020. However, their $486 billion of inflows so far in 2021 is the most of any category group. Demand for environmental, social, and governance-related funds remained strong in October. Funds with sustainability mandates incorporated into their prospectuses, as measured by Morningstar, had $4.9 billion of inflows, bringing their trailing 12-month intake to $75 billion—a 36.6% organic growth rate. IShares had $20.2 billion of inflows in October, the most among all fund families. That sum narrowly exceeded the $19.7 billion that streamed into Vanguard, whose monthly flows had led all fund families for 10 consecutive months prior to October.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.\nAbout Mornings...