CHICAGO, Sept. 13, 2013 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows for August 2013. The fixed-income exodus continued in August, as mutual fund investors pulled $15.5 billion from taxable-bond funds and $11.8 billion from municipal-bond funds. Since the end of April, bond funds have seen outflows of $81.9 billion, with taxable-bond and municipal-bond offerings losing 1.6 percent and 6.6 percent of beginning assets, respectively. Morningstar estimates net flow by computing the change in assets not explained by the performance of the fund. Click here for a full explanation of Morningstar's methodology.
Additional highlights from Morningstar's report on mutual fund flows:
To view the complete report, please visit http://www.global.morningstar.com/augflows13. To view a video recapping August's U.S. asset flow trends, please visit http://bit.ly/aug2013flows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. References to and commentary on the above mentioned mutual funds should not be considered a solicitation to buy or sell that fund.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 433,000 offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on nearly 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately $166 billion in assets under advisement and management as of June 30, 2013. The company has operations in 27 countries.
©2013 Morningstar, Inc. All Rights Reserved.
Carling Spelhaug, 312-696-6150 or email@example.com
SOURCE Morningstar, Inc.
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