Morningstar Reports U.S. Mutual Fund and ETF Fund Flows for October 2021
Morningstar reported estimated U.S. mutual fund and ETF flows for October 2021, highlighting a significant increase in inflows to $84 billion, up from $53 billion in September. U.S. equity funds led with inflows of $32 billion, rebounding after September's outflows of $7.5 billion. Sector-equity funds attracted approximately $6 billion, while taxable-bond funds saw their lowest intake since March 2020 at $22 billion. Environmental, social, and governance funds had $4.9 billion inflows, totaling $75 billion for the year.
- Mutual fund and ETF inflows reached $84 billion in October, showing strong recovery from September.
- U.S. equity funds reported $32 billion in inflows, indicating renewed investor confidence.
- Sector-equity funds rebounded with approximately $6 billion in inflows after September's outflows.
- Taxable-bond funds, although low compared to historical data, accumulated $22 billion in October, contributing to a year-to-date total of $486 billion.
- Sustainable investment funds recorded $4.9 billion in inflows, reflecting a robust interest in ESG-related investments.
- Taxable-bond fund inflows were the lowest since March 2020, indicating potential market concerns.
- Despite strong overall inflows, U.S. equity funds had previously suffered outflows of $7.5 billion in September.
CHICAGO, Nov. 18, 2021 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for October 2021. Long-term mutual funds and ETFs had
Morningstar's report about U.S. fund flows for October 2021 is available here. Highlights from the report include:
- After outflows of
$7.5 billion in September, U.S. equity funds brought in$32 billion in October to lead all U.S. category groups. Passive large-blend funds powered the category group's intake. - International-equity fund flows outpaced their U.S. counterparts for much of 2021, but not in October, with approximately
$15 billion of inflows during the month. - Sector-equity funds had approximately
$6 billion of inflows in October, rebounding from a$700 million outflow in September. Investors favored technology and cyclically oriented sector funds earlier in the year but haven't consistently embraced either since June. - Taxable-bond funds had a
$22 billion intake, their lowest since March 2020. However, their$486 billion of inflows so far in 2021 is the most of any category group. - Demand for environmental, social, and governance-related funds remained strong in October. Funds with sustainability mandates incorporated into their prospectuses, as measured by Morningstar, had
$4.9 billion of inflows, bringing their trailing 12-month intake to$75 billion—a36.6% organic growth rate. - IShares had
$20.2 billion of inflows in October, the most among all fund families. That sum narrowly exceeded the$19.7 billion that streamed into Vanguard, whose monthly flows had led all fund families for 10 consecutive months prior to October.
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FAQ
What were the mutual fund and ETF flows reported by Morningstar in October 2021?
How much did U.S. equity funds attract in inflows in October 2021?
What is the significance of the $22 billion inflow for taxable-bond funds in October 2021?
How did ESG funds perform in terms of inflows in October 2021?
Which fund family led in inflows for October 2021?
