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Commentary

Investors Continue to Flee Active U.S. Equity Funds

Though most global indexes have rebounded after Brexit, outflows from international equity funds have worsened.

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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.