Active U.S. Equity Funds Remain Also-Rans
Taxable bond and international equity funds enjoyed far more robust asset flows in April than their domestic stock counterparts.
April 2018 asset flows returned to form after the prior month's anomalies. Following two consecutive months of outflows, U.S. equity funds rebounded with estimated inflows of $6.8 billion. That rebound owed to passive U.S. equity funds resuming their dominance over their active counterparts, collecting $18.2 billion in inflows while active funds lost about $11.4 billion to outflows. Overall, trailing 12-month U.S. equity flows remain negative--to the tune of $42.6 billion, or a 0.6% decline.
Core large-blend funds were once again the most popular Morningstar Category by far, with $10.8 billion in inflows. To put this dominance in perspective, large-blend funds took in $14.4 billion for the year to date through April. The second most popular U.S. equity category was mid-cap blend funds, which collected about $200 million over the same period. The most popular fund year to date is Vanguard Total Stock Market Index (VTSMX) with $19 billion in inflows, followed by Vanguard 500 Index's (VFINX) $15.1 billion.
Kevin McDevitt does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.