Investors Continue to Flee Active U.S. Equity Funds
Though most global indexes have rebounded after Brexit, outflows from international equity funds have worsened.
Instead of soaking up the sun, it seems investors were busy taking money out of active U.S. equity funds in July. This month’s $32.9 billion estimated outflow surpassed the $21.7 billion from June, adding up to a total of $54.6 billion leaving these funds in only two months.
All active category groups except taxable bond, municipal bond, and commodities suffered outflows; flows for all category groups on the passive side were positive. Interestingly, the passive U.S.-equity inflow in July was the largest in a while at $33.8 billion, managing to offset the large active outflow.
Alina Lamy does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.