Morningstar Reports U.S. Mutual Fund Asset Flows Through December 2012

    Morningstar Reports U.S. Mutual Fund Asset Flows Through December 2012

PR Newswire

CHICAGO, Jan. 17, 2013

CHICAGO, Jan. 17, 2013 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a
leading provider of independent investment research, today reported estimated
U.S. mutual fund asset flows through December 2012. Long-term open-end funds
saw inflows of $243.2 billion in 2012. Money continued to flow out of actively
managed stock funds and into all manner of bond funds, with yields across many
fixed-income sectors either at or near all-time lows. Since the end of 2008,
assets in taxable-bond funds have more than doubled, climbing from $1.1
trillion to $2.5 trillion, with approximately 65 percent of the increase
attributable to net inflows. When municipal-bond funds are included, inflows
for fixed-income funds have exceeded $1.0 trillion since the beginning of

Additional highlights from Morningstar's report on mutual fund flows:

  o2012 outflows from actively managed U.S.-stock mutual funds surpassed
    those seen in 2008 despite the fact that the S&P 500 was up 16 percent for
    the year. Even when exchange-traded funds are included, large-cap
    U.S.-stock funds have seen net outflows over the trailing five-year period
    and in each of the last four years.
  oIntermediate-term bond funds attracted the greatest inflows of any
    Morningstar Category for the fourth year in a row, taking in $109.9
    billion in 2012. This was almost three times the inflows of $37.5 billion
    seen by the runner-up, short-term bond.
  oVanguard and PIMCO captured 61 percent of net inflows in 2012, compared
    with 30 percent in 2011 and 46 percent in 2009.
  oDoubleLine Total Return Bond, which has a Morningstar Analyst Rating of
    Neutral, tallied 2012 inflows of $19.6 billion to edge out Gold-rated
    PIMCO Total Return, which collected $18.0 billion, for the year's greatest
    open-end fund inflows. The inclusion of BOND, the ETF incarnation of PIMCO
    Total Return that saw inflows of $3.8 billion in 2012,would moveBill
    Gross into first place in terms of overall inflows. 

To view the complete report, please visit To view a video recapping
December's U.S. asset flow trends, please visit
For more information about Morningstar Asset Flows, please visit

The information contained herein: (1) is proprietary to Morningstar and/or its
content providers; (2) may not be copied or distributed; 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 individuals, financial advisors, and
institutions. Morningstar provides data on more than 385,000 investment
offerings, including stocks, mutual funds, and similar vehicles, along with
real-time global market data on more than 8 million equities, indexes,
futures, options, commodities, and precious metals, in addition to foreign
exchange and Treasury markets. Morningstar also offers investment management
services through its registered investment advisor subsidiaries and has
approximately $195 billion in assets under advisement and management as of
Sept. 30, 2012. The company has operations in 27 countries.

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©2013 Morningstar, Inc. All Rights Reserved.


SOURCE Morningstar, Inc.

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