Commentary

Despite Ongoing Stock Market Rally, Fund Investors Cling to Bonds

Alina Lamy

Taxable bond was once again the Morningstar category group with the largest inflows last month. The $24.7 billion taxable-bond inflow was almost equally divided between active and passive funds, continuing the established trend observed so far this year.

International equity attracted $18.7 billion, with the bulk of the flows benefiting passive funds. U.S. equity's $16.6 billion passive inflows were almost balanced out by the $17.9 billion active outflows, resulting in a $1.4 billion outflow for the category group overall.

Alina Lamy does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.