Morningstar, a provider of independent investment research, has reported estimated US mutual fund asset flows for March 2014.
Investors added $39.2 billion to long-term mutual funds in March, driven by continued strong flows to developed international markets and a rebound in flows to intermediate-term bond funds.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Morningstar estimates net flow by computing the change in assets not explained by the performance of the fund. Click here for a full explanation of Morningstar’s methodology.
Additional highlights from Morningstar’s report on mutual fund flows:
- Core intermediate-term bond funds saw inflows of $4.3 billion, their first monthly intake in 11 months. Excluding outflows of $3.1 billion from PIMCO Total Return, intermediate-term bond funds collected inflows of $7.4 billion.
- In March, Fidelity transferred $6.5 billion from equity mutual funds to collective investment trusts. This move dragged down inflows for U.S.-equity mutual funds, which totaled $2.8 billion for the month. But because of this transfer, these mild inflows do not necessarily reflect negative investor sentiment toward equities.
- Excluding the transfer of Fidelity’s mutual fund assets to collective investment trusts, PIMCO was the only fund provider among the top 10 to see net outflows in the first quarter.
- Among international-equity funds, which took in $11.0 billion in March, foreign large blend led all categories with inflows of $6.6 billion. Diversified emerging-markets funds rebounded from February outflows to attract inflows of $1.1 billion in March.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
