CHICAGO, July 16, 2012—Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows through June 2012. Long-term mutual funds recorded their lowest monthly intake year to date with just $10.8 billion in new money, and money market funds saw outflows of $30.1 billion after tepid May inflows of $1.4 billion.
Additional highlights from Morningstar’s report on mutual fund flows:
• Investors seem to have renewed their faith in municipal-bond funds and are increasingly comfortable taking on risk in search of yield. High-yield muni bond funds took in $6.7 billion through June, as the category’s median return was 6.7% in the first half of the year.
• The balanced asset class, which includes primarily allocation funds, saw redemptions of $890 million in June, its first month of outflows in 2012. Some of the world-allocation category’s most prominent offerings suffered outflows; BlackRock Global Allocation, IVA Worldwide, and Ivy Asset Strategy lost $460 million, $232 million, and $171 million, respectively.
• Taxable-bond funds saw inflows increase by more than $3.2 billion over last month to $10.9 billion. U.S.-stock funds remained in familiar territory with outflows of $8.5 billion, while international-stock funds, driven by inflows to diversified emerging-markets funds, collected $4.8 billion.
• DoubleLine Total Return Bond led all funds in June with inflows of $2.1 billion. It leads all funds over the trailing 12 months, too, with $18.1 billion in new assets.
To view the complete report, please visit http://www.global.morningstar.com/juneflows12. To view a video recapping June’s U.S. fund flow trends, please visit http://bit.ly/juneflows. 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 more than 380,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 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 $190 billion in assets under advisement and management as of March 31, 2012. The company has operations in 27 countries.
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