Insurance&Tech_TLB_12.12.19

Morningstar Reports U.S. Mutual Fund and ETF Fund Flows for April 2020

Press Release from Morningstar

CHICAGO, May 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 April 2020. Overall, long-term mutual funds and ETFs gathered $17 billion for the month, while money market funds followed a record March with $388 billion in inflows. 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 by dividing reported net assets by shares outstanding.

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

  • Taxable-bond funds collected $37 billion in April, rebounding from record redemptions in March. Those funds' assets grew at a monthly rate similar to those posted during the strong run of inflows in 2019 and early 2020. High-yield bond funds took in $19 billion—a 7% organic growth rate.
  • In April, international equity vehicles saw record long-term outflows of $20 billion, though their negative 0.8% organic growth rate was relatively minor. U.S. equity funds saw moderate outflows of $18 billion, with $14 billion coming out of passively managed funds. Sector equity funds saw inflows of $16 billion, with healthcare-equity funds gathering nearly $8 billion in net inflows.
  • Commodity-focused funds collected a sizable $12 billion in April, as some investors sought safe havens in gold or reconsidered the beaten-down oil industry. SPDR Gold Shares raked in $5 billion, while the United States Oil fund, which drew attention in mid-April as traders paid to have oil futures contracts taken off their hands, brought in nearly $3 billion.
  • Among all fund families, SPDR State Street Global Advisors had the largest total inflows in April with $16 billion, followed by the BlackRock/iShares family, which saw inflows of more than $12 billion in total. BlackRock, in particular, posted notable gains. After seeing a record $10 billion leave in March, its $4 billion of inflows in April were the most for the firm since October 2014. Much of that entered its taxable-bond products, especially BlackRock High Yield Bond Portfolio, which holds a Morningstar Analyst Rating™ of Gold.

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 $179 billion in assets under advisement and management as of March 31, 2020. The Company has operations in 27 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.

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

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