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Morningstar Reports U.S. Mutual Fund and ETF Fund Flows for September 2021
CHICAGO, Oct. 19, 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, Oct. 19, 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 September 2021. Long-term mutual funds and ETFs had $58 billion of inflows in September, their lowest intake since October 2020 when they gathered $15 billion.\nMorningstar's report about U.S. fund flows for September 2021 is available here. Highlights from the report include:\nConsistent with the broader shift in favor of index-tracking U.S. equity strategies, passive U.S. equity funds had $12.5 billion of inflows in September, while active funds had outflows of $20.0 billion. U.S. equity funds' overall $7.4 billion outflow was the most among U.S. category groups. International-equity funds had inflows of $9.8 billion, compared to the category group's average monthly intake of $24 billion over the first eight months of 2021. Funds with sustainability mandates incorporated into their prospectuses, as measured by Morningstar, had inflows of $3.8 billion in September. Sustainable U.S. equity funds gathered $1.6 billion, bringing their year-to-date intake to $25.7 billion, equal to more than half the inflows into U.S. equity funds without an explicit focus on sustainability. As of September, sustainable funds within the international-equity and sector-equity category groups posted trailing 12-month organic growth rates of 57% and 122%, respectively. Taxable bond funds' $40 billion intake led all U.S. category groups for the sixth consecutive month, with 70% of all long-term net flows in September. Their year-to-date intake of $464 billion more than doubled the next-closest, international-equity funds' $203 billion. Short-term bond funds led all taxable-bond funds by gathering $7.1 billion in September. Bank loan funds added $3.2 billion, their 10th consecutive month of inflows, and inflation-protected bond funds extended their streak of positive flows to 17 months after collecting $5.6 billion in September. Vanguard collected $19.8 billion in September, which marked its lowest monthly inflow of the year but still led all fund families for the 10th consecutive month. The firm's lineup of index funds represented the majority of September's intake and has now claimed over 90% of the firm's inflows year to date. Fidelity and iSh...