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Fund Spy

Equity Fund Launches Are Surprisingly Common Despite Outflows

We saw some big trend reversals in 2012's fund launches.

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With 2012 in the books, this is a fine time to look at trends in fund launches. I pulled data on the 484 open-end mutual funds launched since the end of 2011 so I could see where the fund industry is headed.

Stocks Over Bonds?
Maybe the biggest surprise here is that we saw more stock funds launched than bond funds, considering that investors still piled into fixed income last year. Generally there are enough trend-chasing folks in the fund industry to assure that recent inflow trends will sync up nicely with fund launches, but not in 2012. (I'm using Morningstar's broad asset classes here.)

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.