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Morningstar Reports U.S. Mutual Fund and ETF Fund Flows for April 2019CHICAGO, May 17, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) fund flows for April 2019. Overall, passive U.S. equity fund assets nearly reached parity with active U.S. equity funds, as passive U.S. equity funds saw total assets of $4.3 trillion by month end, just $6.0 billion shy of active U.S. equity funds' total assets. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund, and net flow for U.S. ETFs shares outstanding and reported net assets. "It's worth keeping in mind that mutual funds and ETFs are not representative of the broader U.S. equity market, but this is a milestone that has been a long time coming as the trend toward low-cost fund investing has gained momentum," said Kevin McDevitt, senior analyst and author of the Morningstar Fund Flows Report. "Active U.S. equity funds have had outflows every year since 2006 with roughly equivalent inflows into passive funds during that time." Morningstar's report about U.S. fund flows for April is available here. Highlights from the report include:
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View original content to download multimedia:http://www.prnewswire.com/news-releases/morningstar-reports-us-mutual-fund-and-etf-fund-flows-for-april-2019-300852387.html SOURCE Morningstar, Inc. |