CHICAGO, March 13, 2013—Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows through February 2013. The strong start to the year continued, as investors added $51.9 billion to long-term open-end mutual funds in February to build on inflows of $87.2 billion in January. With inflows of $18.6 billion, taxable-bond funds topped all asset classes for the month, but international-stock funds, which took in $16.5 billion, were not far behind.
Additional highlights from Morningstar’s report on mutual fund flows:
• Diversified emerging-markets funds saw the strongest inflows among Morningstar categories in February, collecting $6.2 billion.
• Even though it may not be a clear sign of a rotation out of bonds and into stocks, investors are taking on more risk. Precious metals, money market, and most government bond funds saw outflows, while bank loan and emerging-markets bond offerings captured new assets. Even less diversified offerings like sector funds also saw strong inflows.
• Bronze-rated PIMCO Unconstrained Bond led all active funds with inflows of $2.2 billion in February, and Gold-rated Eaton Vance Floating Rate, with new assets of $1.1 billion, led the recently popular bank-loan category.
To view the complete report, please visit http://www.global.morningstar.com/febflows13. To view a video recapping February’s U.S. asset flow trends, please visit http://bit.ly/feb2013flows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
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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 416,000 offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 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 registered investment advisor subsidiaries and has approximately $149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.
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