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

CHICAGO, Sept. 26, 2017

Morningstar's report about U.S. asset flows in August is available here. Highlights from the report include:

• Taxable bond remained the leading category group in August with $27.5 billion in flows overall. Unlike in June and July, however, active taxable-bond flows surpassed passive ones: $14.1 billion versus $13.3 billion.
• The four Morningstar Categories with the highest inflows in August are: intermediate-term bond, foreign large blend, multisector bond, and diversified emerging markets. Large blend did not make the top five categories, reflecting waning interest in U.S. equity.
• Among top U.S. fund families, PIMCO was the leader in active flows with $4.1 billion, followed by Vanguard with $1.4 billion. On the passive front, Vanguard was the top fund family, with inflows of $19.3 billion, followed by BlackRock/iShares with inflows of $9.9 billion and Fidelity, who is becoming a stronger contender after multiple rounds of fee cuts.
• The two active funds with the highest inflows were the same in August as they were in July: PIMCO Income, which has a Morningstar Analyst Rating™ of Silver, with flows of $3.1 billion, followed by Gold-rated Oakmark International with $911.0 million in flows. The passive funds with the highest inflows were both Vanguard funds: Gold-rated Vanguard Total Stock Market Index Fund and Gold-rated Vanguard Total International Stock Index Fund, which saw respective inflows of $6.2 billion and $2.5 billion.
• BlackRock High Yield Bond had the highest outflows in August of $1.4-billion. Growth funds from Fidelity, T. Rowe Price, and American Funds were also subject to large outflows as investors kept moving away from U.S. equity and growth stocks.

To view the complete report, please click here.

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