PR Newswire
CHICAGO, May 21, 2018
CHICAGO, May 21, 2018 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today published its sixth annual Global Asset Flows Report examining worldwide 2017 mutual fund and exchange-traded product (ETP) asset flows. Worldwide flows reached nearly $2 trillion in 2017 compared to $835 billion in 2016, led by nearly $800 billion in estimated U.S. flows and approximately $642 billion in cross-border flows, which are funds that tend to be domiciled in tax havens and distributed in many markets, including Europe, Asia, Latin America, and the Middle East.
"Favorable market conditions across the globe in 2017 attracted the greatest flows in more than a decade. Rallying equity markets, subdued volatility, and stable interest rates appear to have lifted investor confidence worldwide," said Kevin McDevitt, senior analyst. "While all asset classes saw inflows, investors showed a preference for fixed-income funds in a stable rate environment."
Highlights from Morningstar's 2017 Global Asset Flows Report include:
The Morningstar Global Asset Flows Report is based on assets reported by more than 4,000 fund groups across 85 domiciles. The report represents more than 95,000 fund portfolios encompassing more than 240,000 share classes and includes a global overview as well as analysis about the United States, Europe, Asia, and cross-border offerings. 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 ETPs by computing the change in shares outstanding.
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 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, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $201 billion in assets under advisement and management as of March 31, 2018. The company has operations in 27 countries.
Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar's Manager Research Group produces various ratings including the Morningstar Analyst Rating for funds and the Morningstar Quantitative Rating for funds. The Analyst Rating is derived from a qualitative assessment process performed by a manager research analyst, whereas the Morningstar Quantitative Rating uses a machine-learning model based on the decision-making processes of Morningstar's analysts, their past ratings decisions, and the data used to support those decisions. In both cases, the ratings are forward-looking assessments and include assumptions of future events, which may or may not occur or may differ significantly from what was assumed. The Analyst Ratings and Quantitative Ratings are statements of opinions, subject to change, are not to be considered as guarantees, and should not be used as the sole basis for investment decisions. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities.
©2018 Morningstar, Inc. All Rights Reserved.
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Media Contact:
Sarah Wirth, +1 312 244-7358 or sarah.wirth@morningstar.com
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SOURCE Morningstar, Inc.
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