Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for June 2021

Rhea-AI Summary

Morningstar (MORN) reported strong estimated U.S. mutual fund and ETF flows for June 2021, with over $106 billion gathered, a significant increase from $83 billion in May. Year-to-date, inflows reached $722 billion, marking the highest semiannual total since 1993. Highlights include $48 billion for taxable-bond funds and $81 billion for passively managed strategies, mainly driven by ETFs. International equity funds collected $20 billion in June and $125 billion over the past year. Morningstar continues to be a leader in independent investment research.

Positive

• June 2021 inflows of $106 billion for mutual funds and ETFs, up from $83 billion in May.
• Year-to-date inflows of $722 billion, the largest semiannual total since 1993.
• Taxable-bond funds attracted $48 billion, leading among category groups.
• International equity funds saw inflows of $20 billion in June and $125 billion over the last year.

Negative

• Actively managed funds only gathered $25 billion, significantly lower than passively managed strategies.

CHICAGO, July 19, 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 June 2021. Long-term mutual funds and ETFs gathered $106 billion in June, up from May's $83 billion. Through the first six months of the year, investors added $722 billion into those funds, the largest semiannual total in Morningstar data going back to 1993 and far ahead of the next highest mark of $394 billion from the first half of 2017.

Morningstar's report about U.S. fund flows for June 2021 is available here. Additional highlights from the report include:

• Taxable-bond funds gathered $48 billion in June, the highest total among category groups.
• U.S. equity funds brought in $18 billion after two consecutive months of near-flat net flows.
• International equity funds gathered $20 billion in June and have collected $125 billion over the trailing 12 months, the most of any equity category group.
• Alternative and nontraditional equity funds took in modest amounts relative to larger category groups, but compared with their asset bases, they have posted the highest organic growth rates so far in 2021.
• Passively managed strategies pulled in $81 billion, mostly due to ETFs' $78 billion haul. Actively managed funds, by contrast, gathered only $25 billion.
• Inflation-protected bond funds saw their 14th consecutive month of inflows in June with a $5.7 billion intake, while bank-loan funds gathered $4.2 billion, marking their seventh consecutive month of inflows.

The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed outside the scope of this press release; 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 of 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 individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $244 billion in assets under advisement and management as of March 31, 2021. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc. 

Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy. 

©2021 Morningstar, Inc. All Rights Reserved.

MORN-R

Media Contact:
Erin Parro, newsroom@morningstar.com

 

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SOURCE Morningstar, Inc.

FAQ

What were the mutual fund and ETF flows reported by Morningstar for June 2021?

Morningstar reported estimated mutual fund and ETF inflows of $106 billion for June 2021.

How much have investors added to mutual funds and ETFs in the first half of 2021?

In the first half of 2021, investors added $722 billion to mutual funds and ETFs.

What is the performance of taxable-bond funds in June 2021 according to Morningstar?

Taxable-bond funds attracted $48 billion in inflows in June 2021, the highest among all categories.

What are the total inflows for international equity funds over the past 12 months?

International equity funds have collected $125 billion over the trailing 12 months.

How did actively managed funds perform in June 2021?

Actively managed funds gathered only $25 billion in June 2021, significantly less than passively managed funds.