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Flowmageddon: It Time Yet?

Is the spike in outflows just a spike or the start of something big?

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This article was published In the July Issue of Morningstar FundInvestor. Except for Hotchkis & Wiley, all figures are through May.

In November 2018, I wrote that the impact of outflows on active equity funds was diminished by appreciation in the market. However, I continued, “the industry is very vulnerable to a bear market. If the market falls 30% and outflows accelerate to 25%, then you are looking at a tremendous decline (in fund assets).”

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.