ETF and open - end asset flows combined show a strong preference forbonds , emerging markets, and passive funds, while active U.S. stockfund managers and money market funds have suffered the brunt of outflows.
Following a first quarter that saw riskier assets outperform, and a second quarter marked by a flight to Treasuries, investors would do well to review the suitability of their current portfolio allocations, says Morningstar's director of fixed-income research.
As the fiduciary standard expands, ETF managed portfolios will continue to look increasingly attractive to registered investment advisors seeking to outsource investment management, says Morningstar's Andy Gogerty.
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