Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for Full-Year and December 2020
Morningstar reported U.S. mutual fund and ETF flows for 2020, with long-term funds gathering $212 billion, significantly lower than the $356 billion average from 2010-2019. December 2020 saw inflows exceeding $86 billion, the second-largest monthly total for the year. ETFs achieved record calendar-year inflows of $502 billion, while mutual funds experienced $289 billion in outflows. Taxable-bond funds collected a record $441 billion in 2020. Vanguard led in inflows with $141 billion.
- ETFs recorded $502 billion in inflows for the year, indicating strong investor interest.
- Taxable-bond funds saw record inflows of $441 billion for the year due to Fed support.
- Mutual funds experienced a record outflow of $289 billion in 2020, reflecting significant investor withdrawal.
- U.S. equity funds had outflows of $241 billion, four times the previous record.
CHICAGO, Jan. 20, 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 the full-year and December 2020. For the full year, long-term mutual funds and ETFs gathered
Morningstar's report about U.S. fund flows for the full-year and December 2020 is available here. Highlights from the report include:
- ETFs posted calendar-year record inflows of
$502 billion , with taxable-bond ETFs collecting the most of any category group at nearly$195 billion in 2020. Meanwhile, mutual funds saw a record$289 billion of outflows in 2020, yet their$18.2 trillion of total assets at year's end was more than three times the total assets of ETFs. - Looking at category groups, U.S. equity funds'
$241 billion of outflows for the year was four times the previous record of$58 billion set in 2015. Large-growth equity funds had$66 billion of outflows in 2020, marking their 17th consecutive year of outflows. - Taxable-bond funds collected
$73 billion of inflows in December and a record$441 billion for the year. The Federal Reserve bought high-yield and corporate bond funds midyear to support the fixed-income market, and its actions helped both categories garner record inflows in 2020 of$54 billion and$52 billion , respectively. - Commodities funds drew a record
$37.6 billion in 2020 as investors added gold and silver to their portfolios through ETFs such as SPDR Gold shares amid economic and social turmoil. - Vanguard led all fund families in 2020 with nearly
$141 billion of inflows. Dimensional Fund Advisors saw the most outflows in 2020 at$37 billion . In December, Vanguard saw$25.2 billion of inflows, the second-most for the year behind the$42.7 billion of inflows in January 2020.
To view the complete report, please click here.
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