Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
U.S. Stock Funds Post Another Month of Outflows
According to Morningstar’s monthly mutual fund asset flows report, U.S. stock mutual funds and exchange-traded funds (ETFs) bled $22.4 billion in August, making it the worst month in two years and the fifth worst during the past five years for the asset class.
International stock funds had $2.8 billion in outflows, the group’s worst showing since December 2011. In addition, investors seem to have lost their taste for world-bond and inflation-protected bond funds. These two former favorites absorbed just over $600 million in combined August inflows.
However, investors poured $26.4 billion into taxable-bond funds ($30 billion if ETF flows are included) and another $5.6 billion into municipal bond funds in August. Altogether, inflows into these funds surpassed $1.1 trillion since the end of 2008 when the Fed cut rates to zero.
The complete August report is here.
You Might Also Like:

AI Firm Jump Announces Integrations with eMoney and RightCapital

Report Reveals Opportunities in CRM Adoption, Impact
