Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Morningstar, Inc.    MORN

MORNINGSTAR, INC.

(MORN)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Morningstar : Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for October 2020

11/18/2020 | 09:31am EST

CHICAGO, Nov. 18, 2020 /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 2020. In the lead up to November's elections, long-term mutual funds and ETFs collected $13 billion in October—on par with inflows from September and marking the seventh consecutive month of inflows. In contrast, money market funds saw outflows of nearly $50 billion, marking the fifth consecutive month of outflows from those funds.

Morningstar's report about U.S. fund flows for October 2020 is available here. Highlights from the report include:

  • U.S. equity fund outflows more than doubled from September to $46 billion, the second-highest monthly outflows on record. About $35 billion of these outflows came from actively managed funds while passively managed funds saw $11 billion exit. International equity funds posted outflows for the ninth month in a row, with $1.8 billion leaving in October and total outflows from the group amounting to $6 billion since August.
  • Taxable-bond funds led all category groups in October with $62 billion in inflows, with total inflows of $316 billion for the year to date. While many investors moved towards moderate risk categories such as intermediate-core bond, others put money into short-term and ultrashort bond funds, suggesting a conservative stance in the face of economic and political uncertainty as well as rock-bottom interest rates. Collectively, short-term and ultrashort bond funds took in nearly $19 billion during the month.
  • Municipal-bond funds also gathered $6 billion in October, and investors targeted strategies that are thought to offer lower issuer and interest-rate risk. Of these inflows, $3.9 billion went to muni national short funds, which typically spread assets across various municipal issuers and sport modest durations.
  • Vanguard continues to lead among fund families, collecting $12.8 billion in inflows in October, while iShares closely followed with inflows of $9.5 billion. IShares' taxable-bond funds drove much of the firm's increase, collecting $7 billion for the month. Meanwhile, SPDR State Street topped the list of firms seeing outflows at $7 billion, while Invesco saw outflows of $5.3 billion, with investors pulling roughly equal amounts from its active and passive funds.

To view the complete report, please click here.

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.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $215 billion in assets under advisement and management as of Sept. 30, 2020. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar's Manager Research Group's current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Analyst Ratings are not guarantees nor should they be viewed as an assessment of a fund's or a fund's or separately managed account's underlying securities' creditworthiness. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy.

©2020 Morningstar, Inc. All Rights Reserved.

MORN-R

Media Contact:
Rebecca Rogalski, +1 312 244-7771 or rebecca.rogalski@morningstar.com

 

Morningstar logo (PRNewsFoto/Morningstar Research Inc.) (PRNewsfoto/Morningstar, Inc.)

 

Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/morningstar-reports-us-mutual-fund-and-exchange-traded-fund-flows-for-october-2020-301176062.html

SOURCE Morningstar, Inc.


© PRNewswire 2020
All news about MORNINGSTAR, INC.
01/20MORNINGSTAR : Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for Full-Y..
PR
01/20COMPAGNIE FINANCIERE RICHEMONT : Morningstar Lifts Price Target on CIE Financier..
MT
01/14MORNINGSTAR : Launches the Morningstar Market Monitoring Platform Offering Real-..
PR
01/12MARKET CHATTER : Hong Kong's Hang Seng Index to Hit 30,000 This Year
MT
01/10The Top Stock Funds of 2020 -- Journal Report
DJ
01/08BILL MILLER : The Case for and Against Investing in Bitcoin -- Journal Report
DJ
01/06Green Euphoria May Cost Investors, But Planet Says Thank You -- Capital Accou..
DJ
01/05INSIDER TRENDS : Morningstar Insider Sale for Taxes Adds to 90-Day Selling Trend
MT
01/04LIVESTOCK HIGHLIGHTS : Top Stories of the Day
DJ
2020MORNINGSTAR, INC. : Ex-dividend day for
FA
More news