Long-Term Flows Rebound in June
Passive funds record their best month year to date.
|Note: This is an excerpt from the Morningstar Direct U.S. Asset Flows Commentary for December 2018. The full report can be downloaded here.|
Long-term open-end funds and exchange-traded funds rebounded with $46 billion in June inflows after experiencing nearly $2 billion in outflows in May. Long-term flows were strong during 2019's first half overall, totaling $224 billion, slightly ahead of $219 billion in 2018's first half. Money market funds collected a solid $37 billion in June and took in more during the second quarter than long-term funds, $111 billion versus $93 billion.