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Morningstar reports US mutual fund, ETF asset flows for July 2016.

BANKING AND CREDIT NEWS-August 17, 2016-Morningstar reports US mutual fund, ETF asset flows for July 2016


Morningstar, Inc. (NASDAQ: MORN) has reported an estimated USD21.7 billion in asset flows in June, with USD32.9 billion exiting in July from US mutual fund and exchange-traded funds (EFT), the company said.

The company said all passive category groups saw inflows during the month, led by USD33.8 billion in inflows to passive US equity funds.

Active and passive funds in the taxable bond category group led the way in terms of inflows, garnering USD34.0 billion in July. Total outflows in the allocation category group were USD3.5 billion.

The intermediate-term bond fund category garnered the most flows for the fifth month in a row, taking in nearly USD15.0 billion in July. The diversified emerging markets and emerging-markets bond categories joined the top five categories in July, in terms of inflows, collecting USD6.5 billion and USD4.6 billion, respectively. Investors continued to withdraw assets from funds in the large growth, Europe stock, and world allocation categories. Vanguard European Stock Index Fund experienced one of the highest outflows, losing USD1.5 billion.

Morningstar, Inc. is a provider of independent investment research in North America, Europe, Australia, and Asia. The company offers products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than USD185 billion in assets under advisement and management as of June 30, 2016.

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 17, 2016
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