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Press release from PR Newswire

Morningstar Reports U.S. Mutual Fund and ETF Asset Flows Through August 2011

Wednesday, September 14, 2011

Morningstar Reports U.S. Mutual Fund and ETF Asset Flows Through August 201110:29 EDT Wednesday, September 14, 2011CHICAGO, Sept. 14, 2011 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund asset flows through August 2011. Redemptions from long-term mutual funds nearly doubled to approximately $32.5 billion in August after outflows of about $17.1 billion in July. August marked the most severe mutual fund outflows since November 2008. U.S. ETFs collected assets of just $947 million in August following July's inflows of $17.2 billion. Although August's inflows were meager, U.S. ETFs have realized only a single month of outflows in the trailing 12. Additional highlights from Morningstar's report on mutual fund flows:Despite August market volatility, U.S.-stock outflows fell to $15.5 billion during the month after redemptions of $22.9 billion in July. As an indication that risk aversion has spread to fixed income, investors pulled $12.0 billion from taxable-bond funds in August. Bank-loan and high-yield bond funds were hardest hit, with outflows of $7.3 billion and $5.1 billion, respectively. With assets fleeing all of the major asset classes during August, investors found refuge of a sort in money market funds, which saw inflows of $74.8 billion. This total was the biggest monthly inflow for such funds since January 2009, and partially reversed June and July's combined $150.0 billion in outflows. Modest outflows continued for international-stock and balanced funds in August. The asset classes experienced respective outflows of $2.9 billion and $2.3 billion. Additional highlights from Morningstar's report on ETF flows: U.S. stock ETFs, which typically drive overall ETF flows, saw inflows of just $394 million in August. International-stock ETFs lost $5.5 billion during the month, the greatest outflow for any ETF asset class. This outflow also marks the largest monthly net redemption for international-stock ETFs in the past three years. Taxable-bond offerings, which added another $4.3 billion in August, saw greater inflows than any of the other ETF asset classes during the month. Commodities ETFs experienced outflows of nearly $2.0 billion in August. To view the complete report, please visit http://www.global.morningstar.com/augflows11. For more information about Morningstar Fund Flows, please visit http://global.morningstar.com/fundflows.  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 or future results.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 400,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 5 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 $180 billion in assets under advisement and management as of June 30, 2011. The company has operations in 26 countries.©2011 Morningstar, Inc. All rights reserved.MORN-RMedia Contact:Carling Spelhaug, 312-696-6150 or carling.spelhaug@morningstar.com SOURCE Morningstar, Inc.