Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for February 2017

CHICAGO, March 17, 2017

Highlights from Morningstar's report about U.S. asset flows in February:

• Investors continue to contribute to fixed income, adding $35.5 billion in estimated net flows. The MSCI EAFE Index rose 1.4 percent in February, signaling modest growth in developed international markets. International-equity funds enjoyed $14.7 billion in new flows, with passive making up the majority at $13.6 billion.
• All category groups except allocation enjoyed positive flows in February, showing optimism about the U.S. market. U.S. equity has been in positive-flow territory for four consecutive months, a feat not witnessed since late 2014.
• Morningstar Category trends for February continue to show large- and mid-cap blend in the top five in terms of inflows. Intermediate-term bond was in the top spot, with inflows of $6.2 billion to active and $6.0 billion flowing into passive.
• Among top U.S. fund families, T. Rowe Price, American Funds, and PIMCO had modest inflows on the active side in February, with $1.7 billion, $1.5 billion, and $1.2 billion, respectively. Vanguard and iShares continued to dominate on the passive side, garnering $29.8 billion and $16.7 billion, respectively.
• Among active funds, PIMCO Income, which has a Morningstar Analyst Rating™ of Silver, attracted the largest inflows of $2.0 billion. Bronze-rated PIMCO Total Return continued to place in the bottom five despite good returns, with outflows of $1.0 billion in February.
• Active fund Vanguard Institutional Short-Term Bond had the worst outflows of all active funds in February, at $1.6 billion. In the passive arena, iShares saw three of its funds land in the bottom five: iShares Russell 2000, iShares iBoxx $ High Yield Corporate Bond, and iShares MSCI Japan, with $1.6 billion, $397.0 million, and $347.0 million in outflows, respectively.

To view the complete report, please click here. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows. 

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