Despite Ongoing Stock Market Rally, Fund Investors Cling to Bonds
Taxable bond funds enjoyed the greatest inflows in November while U.S. equity funds remained in redemption.
Taxable bond was once again the Morningstar category group with the largest inflows last month. The $24.7 billion taxable-bond inflow was almost equally divided between active and passive funds, continuing the established trend observed so far this year.
International equity attracted $18.7 billion, with the bulk of the flows benefiting passive funds. U.S. equity's $16.6 billion passive inflows were almost balanced out by the $17.9 billion active outflows, resulting in a $1.4 billion outflow for the category group overall.
Alina Lamy does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.