Money Flowed to the Cheapest Funds in the Third Quarter
This month, Morningstar introduced a quarterly look at flows by fund cost.
Note: This is an excerpt from the Morningstar Direct U.S. Asset Flows Commentary for September 2019. Download the full report.
Our estimated U.S. mutual fund and exchange-traded fund flows for September 2019 show that, overall, passive U.S. equity funds saw $22.9 billion in inflows while active U.S. equity funds had $19.1 billion in outflows.
Tom Lauricella does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.