Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for November 2020
Morningstar, Inc. (MORN) reported that U.S. mutual funds and ETFs attracted nearly $112 billion in inflows during November 2020, marking the eighth consecutive month of inflows. ETFs saw a record $97 billion in inflows, surpassing June 2019's previous record. Notably, U.S. equity funds garnered $36 billion in inflows, while taxable-bond funds brought in $52 billion, totaling $368 billion year-to-date. However, commodities funds experienced $5 billion in outflows. iShares led fund families with $31 billion in inflows, while Dimensional Fund Advisors saw $1.9 billion in outflows.
- U.S. mutual funds and ETFs attracted nearly $112 billion in inflows in November 2020.
- ETFs saw record inflows of $97 billion, surpassing the previous high of $62 billion.
- U.S. equity funds had inflows of $36 billion, supported by broad-market funds.
- Taxable-bond funds received $52 billion, with total year-to-date inflows at $368 billion.
- iShares topped inflows by collecting nearly $31 billion in November.
- Commodities funds experienced $5 billion in outflows, marking their second consecutive month of declines.
- Dimensional Fund Advisors had the highest outflows among fund families, totaling $1.9 billion.
CHICAGO, Dec. 17, 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 November 2020. During a month that included the U.S. elections and progress on COVID-19 vaccines, long-term mutual funds and ETFs collected near-record inflows of
Morningstar's report about U.S. fund flows for November 2020 is available here. Highlights from the report include:
- With help from ETFs, U.S. equity funds had only their second month of inflows in 2020. Nearly
$36 billion of these inflows went to broad-market funds, such as the Vanguard Total Stock Market Index, which holds a Morningstar Analyst Rating™ of Gold and became the first U.S. fund to end a month with more than$1 trillion in total assets. - Taxable-bond funds garnered
$52 billion in November, bringing the group's total inflows to$368 billion for the year-to-date period. Intermediate core bond funds led inflows for the group with$15 billion . Investors added$6.5 billion to high-yield bond funds in addition to investing$6 billion in short-term bond and intermediate government funds. On the other hand, investors pulled$5.7 billion from long government funds amid historically low interest rates. - Commodities funds, which have had strong inflows as a group for much of 2020, saw
$5 billion of outflows in November, their second consecutive month of outflows.$3.8 billion of these outflows came from SPDR Gold Shares as the price of gold continued its gradual pullback from its all-time high of more than$2,000 per ounce set in early August 2020. - Among fund families, iShares topped the list in November with nearly
$31 billion of inflows, with the firm collecting$26 billion across its U.S.-, international-, and sector equity funds. Fidelity had a strong month with nearly$12.4 billion of inflows, owing much of its recent growth to its passively managed offerings, which pulled in$11 billion during the month. Meanwhile, Dimensional Fund Advisors had the most outflows of all fund families in November at nearly$1.9 billion . Dodge & Cox and T. Rowe Price followed with$1.7 billion of outflows each.
To view the complete report, please click here.
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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, 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
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