Bringing you live news and features since 2006 


Active US MFs and ETFs saw outflows again in October, says Morningstar


Active US equity mutual funds and ETFs saw outflows for the eighth consecutive month in October, while passive US equity funds had inflows for the ninth straight month, according to figures released by Morningstar.

Over the last 12 months, overall long-term passive flows have been nearly five times as large as active flows.

PIMCO’s firm-level outflows of USD49.4 billion were larger in October than in September, as investors continued to react to Bill Gross’ departure. Janus, with Gross on board, experienced its first month of net inflows in October after 36 consecutive months of redemptions. But Gross’ new fund, Janus Global Unconstrained Bond, accounted only for about one-third of Janus’ October inflows.
Four PIMCO funds were among the five active funds with the greatest redemptions in October. Among top asset-gathering active funds for the month, fixed-income offerings led the way. Metropolitan West Total Return Bond, which has a Morningstar Analyst Rating of Gold, took in USD6.7 billion, followed by Gold-rated Dodge & Cox Income with USD4.2 billion and unrated BlackRock Strategic Income with USD2.3 billion. On the passive side, Vanguard Total Bond Market Index had another strong month with inflows of USD5.5 billion.

Latest News

Digital asset manager CoinShares International Limited has announced the launch of its hedge fund division, CoinShares Hedge Fund Solutions...
Despite a small contraction in assets caused by a complex market and macroeconomic scenario in Europe and at the global..
State Street Global Advisors, the asset management business of State Street Corporation, has published the results of its Gold ETF..
HANetf has announced that Sprott Uranium Miners UCITS ETF (URNM) has reached USD108.18 million AUM for the first time since..

Related Articles

Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Jeff Ringdahl, Resolute Investment Management
End of August saw the launch of alternatives firm Man Group’s first ETF, using its AHL systematic trading system to...
Arne Noack, DWS
July saw the launch of DWS Group’s Xtrackers US Green Infrastructure Select Equity ETF (NASDAQ: UPGR) designed to offer both...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by