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Commentary

Funds Enjoy Highest Flows in Nearly 2 Years

U.S. equity funds experienced modest outflows in November.

Note: This is an excerpt from the Morningstar Direct U.S. Asset Flows Commentary for  November 2019. The full report can be downloaded here.

Long-term funds had $55.1 billion of inflows in November, their strongest month since collecting $133.3 billion in January 2018. Money market inflows declined month-over-month to $39.9 billion from $75.7 billion as the Fed's three rate cuts this year may have dented demand. However, with $483.5 billion in year-to-date inflows, this remains by far the best year for money market inflows since the financial crisis. This total also remains well ahead of the $353.6 billion collected in 2019 for all long-term funds.

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