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Press release from PR Newswire

Morningstar Reports U.S. Mutual Fund Asset Flows Through November 2011

Wednesday, December 14, 2011

Morningstar Reports U.S. Mutual Fund Asset Flows Through November 201112:01 EST Wednesday, December 14, 2011CHICAGO, Dec. 14, 2011 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows through November 2011. Investors redeemed a net $6.3 billion from long-term mutual funds in November. With one month remaining in 2011, year-to-date inflows for long-term funds are down 70 percent from inflows of $244.1 billion seen in the full year of 2010. Additional highlights from Morningstar's report on mutual fund flows:Taxable-bond funds dominated the broad asset classes in November with inflows of $10.2 billion. The intermediate-term bond category alone saw inflows of $8.5 billion. Municipal-bond funds experienced their best month since August 2010 with inflows of $3.1 billion. U.S.-stock funds saw steady outflows across the major categories again in November. The asset class lost $12.5 billion to outflows during the month, with large-cap offerings sustaining the worst losses. International-stock funds, with outflows of $4.3 billion, had their worst month since May 2010. Diversified emerging-markets stock funds remained a bright spot for the asset class, though, attracting nearly $740 million in November for the category's ninth consecutive month of inflows. To view the complete report, please visit http://www.global.morningstar.com/novflows11. To view a video recapping November's U.S. fund flow trends, please visit http://bit.ly/novflows. 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 330,000 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 $167 billion in assets under advisement and management as of Sept. 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.