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Commentary

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.

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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.

Alina Lamy does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.