Financial Advisor: Morningstar Reports U.S. Mutual Fund Asset Flows Through April 2012
On a relative basis, inflows for bond funds in recent years surpass the assets that flowed to equity funds during the height of their popularity in the late 1990s.
While U.S.-stock funds shed $214.9 billion overall during the last three years, the actively managed subset fared even worse, losing nearly 15% of their beginning assets. American Funds Growth Fund of America potentially skews the flow data for actively managed U.S.-stock funds, though, as outflows of about $58.9 billion the fund has experienced over the past three years represent 22% of all actively managed U.S.-stock outflows.
In contrast to the broad trend, J.P. Morgan's asset base has grown by 2.5 times in the past three years to $158.2 billion, due in no small part to the success of the firm's actively managed equity offerings. JPMorgan Large Cap Growth, JPMorgan Equity Income, and JPMorgan US Equity have collectively taken in $6.6 billion over the trailing 12 months.
PIMCO Total Return led all funds in April with inflows of $2.7 billion, the fund's strongest month since August 2010.
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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 more than 380,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 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 $190 billion in assets under advisement and management as of March 31, 2012. The company has operations in 27 countries.
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Carling Spelhaug, 312-696-6150 or carling.spelhaug@
Page Updated Last on: May 15, 2012