Investors Still Hungry for International Equity Funds
Continuing a year-long trend, investors poured money into international-equity funds in November.
After a one-off month in which taxable-bond funds received the highest flows, international equity was once again the highest-receiving Morningstar Category group in November, with a $4.9 billion total inflow for the month. Sector equity followed with $4.2 billion.
The strong inflows for international equity occurred despite the weak performance of foreign stocks in November, driven mainly by disappointing third-quarter GDP growth in Europe.