Vanguard Continued to Dominate the ETF Flows Rankings in September
Vanguard is well ahead of the pack, and bond ETF flows are on their way to a record year.
In September, global stocks retreated from the record levels they reached in August. The Morningstar Global Markets Index--a broad gauge of global stock markets--fell 3.1% during the month. Meanwhile, the Morningstar US Core Bond Index--a barometer of U.S. fixed-income markets--ticked down 0.04%, as long-term Treasury yields shaded higher. It’s not often that both benchmarks finish the month in the red. Over the past 20 years, these two indexes have both posted negative monthly returns just 12% of the time.
Ben Johnson has a position in the following securities mentioned above: IJR. Find out about Morningstar’s editorial policies.