Morningstar Reports U.S. Mutual Fund Asset Flows for January 2014

Morningstar Reports U.S. Mutual Fund Asset Flows for January 2014

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SOURCE Morningstar, Inc.

CHICAGO, Feb. 13, 2014 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows for January 2014. Traditionally a strong month for flows as investors contribute to IRAs and invest bonus money and firms make 401(k) contributions, January saw long-term mutual funds collect new assets of $39.2 billion. Stock funds garnered inflows of $28.6 billion, their strongest monthly intake since January 2013. Municipal-bond funds saw their first monthly inflows since last February. Morningstar estimates net flow by computing the change in assets not explained by the performance of the fund. Click here for a full explanation of Morningstar's methodology.

Additional highlights from Morningstar's report on mutual fund flows:

  • International-equity funds, which led all category groups in 2013 inflows, continued the trend in January. The category group topped all others with new assets of $17.4 billion for the month.
  • Nontraditional bond and bank loan remained the top fixed-income categories as core bond funds continued to see outflows. Long/short equity and market neutral funds within the alternatives category group saw strong inflows of $2.9 billion and $1.0 billion, respectively, an indication that investors want to avoid interest-rate risk but are hesitant about pouring more money into higher-risk or unhedged equity positions.
  • After recording an average monthly inflow of $1.1 billion between January 2009 and May 2013, emerging-markets bond funds have shed an average of $1.4 billion per month. Category assets peaked at $86.7 billion in April 2013, but have fallen to $66.3 billion as of the end of January.
  • Goldman Sachs Strategic Income led the nontraditional bond category in terms of inflows and was among the top-flowing funds overall in January. The fund has beaten the Barclays Aggregate Bond Index by four percentage points over the last year. Despite being closed to new investors, Oakmark International, which has a Morningstar Analyst Rating™ of Gold, also brought in an impressive $1.5 billion.

To view the complete report, please visit http://www.global.morningstar.com/janflows14. To view a video recapping January's U.S. asset flow trends, please visit http://bit.ly/jan2014flows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows

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. References to and commentary about the above mentioned mutual funds should not be considered a solicitation to buy or sell that fund.

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, and retirement plan providers and sponsors. Morningstar provides data on approximately 446,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 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 had approximately $159 billion in assets under advisement and management as of Dec. 31, 2013. The company has operations in 27 countries.

©2014 Morningstar, Inc. All Rights Reserved.

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Media Contact:
Carling Spelhaug, +1 312 696-6150 or carling.spelhaug@morningstar.com

©2012 PR Newswire. All Rights Reserved.

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