Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for August 2020
Morningstar, Inc. (MORN) reported significant trends in U.S. mutual fund and ETF flows for August 2020. Overall, long-term mutual funds and ETFs attracted $41 billion in inflows, marking five consecutive months of positive movement. However, U.S. equity funds faced record outflows of $52 billion, with large-blend funds losing $32 billion. Taxable-bond funds thrived, collecting $77 billion. Vanguard regained top inflow status with over $7 billion.
- Taxable-bond funds collected $77 billion, bringing 2020 net inflows to $209 billion despite previous outflows.
- Commodities funds saw inflows of $3 billion, remaining positive throughout 2020. Gold funds notably attracted nearly $900 million.
- U.S. equity funds experienced record outflows of $52 billion in August, surpassing July's $45 billion.
- Large-blend funds had $32 billion in outflows, and actively managed U.S. equity funds lost $27 billion.
CHICAGO, Sept. 16, 2020 /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 August 2020. Overall, long-term mutual funds and ETFs collected
Morningstar's report about U.S. fund flows for August 2020 is available here. Highlights from the report include:
- As the S&P 500 reached highs last seen in February, U.S. equity funds saw a record
$52 billion of outflows in August, surpassing the previous record of$45 billion set in July. Within U.S. equity funds, investors pulled a record$32 billion from large-blend funds. Vanguard Total Stock Market Index, the largest fund in the U.S. by total assets, approached$1 trillion despite nearly$10 billion of outflows during the month. - Among U.S. equity funds, investors pulled
$27 billion out of actively managed products and$25 billion out of passively managed products. The main distinction was between open-end funds and ETFs, as nearly$55 billion left open-end U.S. equity funds in August while ETFs collected$3 billion during the month. - Taxable-bond funds gathered
$77 billion in August, pushing the category group's 2020 net inflows to$209 billion despite$240 billion of outflows in March. Short-term bond funds were a bright spot in the taxable-bond group. Their record inflows of$12 billion in August topped the previous record of$11 billion set in June. - Commodities funds continued to see strong inflows, collecting another
$3 billion in August. This is the only category group to have positive flows every month in 2020. Gold funds continued to shine as some investors sought safe havens or hedges against inflation, with iShares Gold Trust taking in nearly$900 million in August. - Among fund families, Vanguard regained the top spot with more than
$7 billion of inflows. The firm's ETFs raked in$13 billion , more than offsetting nearly$6 billion pulled from its open-end funds. For the year to date, Vanguard's ETF suite has gathered$113 billion while its open-end funds have shed$41 billion .
To view the complete report, please click here.
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FAQ
What were the mutual fund and ETF flows reported by MORN for August 2020?
How much did U.S. equity funds lose in August 2020 according to MORN?
What trends did MORN identify regarding taxable-bond funds in August 2020?
Which fund family regained the top spot for inflows according to MORN's report?
