FYI: Morningstar U.S. Fund Flows: Flight to All Things Fixed IncomeStrong demand for taxable-bond, municipal-bond, and money market funds in July.Key Takeaways×Long-term funds collected $26.7 billion in July 2019, a drop from June's $46.1 billion.
Net flows went overwhelmingly to taxable-bond, municipal-bond, and money market funds. Despite positive July equity returns, U.S. equity funds had their worst outflows since June 2018.
Money market funds took in a robust $75.7 billion.
The group has collected about $202.0 billion over the past three months alone, the strongest three-month stretch in at least 10 years. ×Taxable-bond funds absorbed about $40.2 billion in inflows, the group's best showing since January 2018. It was also the best month for active taxable-bond funds since October 2012.
Vanguard led all fund families with $14.9 billion in inflows, followed by State Street's $8.2 billion. BlackRock's iShares had more than $4 billion in outflows—its worst outflows since June 2018.
Regards,
Ted
https://www.morningstar.com/content/dam/marketing/shared/pdfs/Research/Fund_Flows_July2019_Final.pdf?cid=EMQ_&utm_source=eloqua&utm_medium=email&utm_campaign=&utm_content=18363
