No Summer Break for Taxable Bond, International Equity Funds
U.S. stock funds suffered outflows in July, due largely to redemptions from actively managed funds.
Far from experiencing a slowdown, taxable bond and international equity saw a lot of activity in July. The two Morningstar category groups attracted $34.7 billion and $23.0 billion, respectively. For both, the majority of these flows came from passive funds. Active flows, in the meantime, remained positive and considerable in size.
U.S. equity, overall, remained in outflow territory, dragged by $19.6 billion in redemptions from active funds. Passive funds received $10.8 billion.
Alternative and commodities funds suffered outflows from passive management and inflows to active management in July, reversing the pattern we’ve gotten used to seeing recently.
Other trends in July include:
Download the complete Asset Flows Commentary here.
Alina Lamy does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.