CHICAGO, Feb. 13, 2012—Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows through January 2012. Inflows for long-term mutual funds reached nearly $34.0 billion in January, reversing December’s outflows of $9.8 billion and eclipsing the $31.2 billion investors deposited in January 2011.
Additional highlights from Morningstar’s report on mutual fund flows:
• Despite January’s strong market rally, investors showed little interest in equities, pulling $2.8 billion from U.S.-stock funds, which is in stark contrast to the $15.7 billion that flowed into these funds last January. But in a sign of how negative sentiment has been, January’s redemptions were the smallest monthly outflow for the asset class since $2.1 billion fled in May 2011.
• Taxable-bond funds topped all asset classes with inflows of $24.6 billion in January, the best month for these funds since August 2010. Municipal-bond funds continued their recovery as well with inflows of $6.6 billion, the greatest monthly inflow these funds have seen since September 2009.
• Demand remained strong for emerging-markets bond funds, which collected record inflows of $2.0 billion in January. Meanwhile, interest in world-bond funds remained weak.
• Diversified emerging-markets funds saw inflows of $2.7 billion in January to keep international-stock funds in positive territory.
To view the complete report, please visit http://www.global.morningstar.com/janflows11. For more information about Morningstar Fund Flows, please visit http://global.morningstar.com/fundflows.
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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 individuals, financial advisors, and institutions. Morningstar provides data on approximately 330,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 5 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment management subsidiaries and has more than $167 billion in assets under advisement and management as of Sept. 30, 2011. The company has operations in 26 countries.
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