Bringing you live news and features since 2006 

Thumb down

Morningstar reports US MF and ETF asset flows for November 2014

RELATED TOPICS​

Morningstar has reported estimated US mutual fund and exchange-traded fund (ETF) asset flows for November 2014. Among US equity funds, the pattern of outflows for actively managed funds and inflows for passive funds continued.  

Over the trailing one-year period, active US equity funds lost USD91.9 billion, and passive US equity funds gathered USD156.1 billion. 

The firm estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.

Active taxable-bond funds collected USD5.6 billion in November after outflows of USD18.7 billion in September and USD23.1 billion in October, although most of those outflows were attributable to redemptions from PIMCO Total Return and not representative of the category group in general. Meanwhile, passive taxable-bond funds had inflows for the 12th consecutive month.

Metropolitan West Total Return Bond and Dodge & Cox Income, which both have a Morningstar Analyst Rating of Gold, were the two actively managed funds with the highest inflows for the second straight month. SPDR S&P 500 ETF and three Vanguard funds topped the list of passive funds by November inflows.

Two PIMCO funds – PIMCO Total Return and PIMCO Low Duration – landed among the five active funds with the highest outflows in November. MainStay Marketfield also had significant redemptions for the second consecutive month.

Vanguard and iShares led inflows at the provider level, collecting USD20.7 billion and USD13.5 billion, respectively. PIMCO’s firm-level November outflows of USD12.8 billion slowed notably compared with massive redemptions in September and October. Janus, with Bill Gross on board, experienced its second positive month in November after 36 consecutive months of outflows. Gross’ new fund, Janus Global Unconstrained Bond, with inflows of USD0.8 billion compared with the firm’s overall inflows of USD0.7 billion, singlehandedly kept Janus in positive territory.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
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