Morningstar Reveals U.S. Mutual Fund and ETF Metrics for April 2017

For the month of April, international equity funds saw 21.1 billion in net outflows.

Investment research provider Morningstar Inc. (NASDAQ: MORN) today reported on U.S. mutual fund and exchange-traded fund (ETF) asset flows for April 2017, which showed that over $16 billion was withdrawn from the equity funds in the previous month.

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Still, steady performance gains in 2017 YTD managed to slow the pace of continued investor outflows which helped the hedge fund capital stay above key milestones.

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For the month of April, international equity funds saw 21.1 billion in net outflows, the highest among equity category groups. By comparison though, investors pumped an additional $26.0 billion in taxable-bond funds last month.

Despite improved overall performance when compared to the start of last year, which came on the back of expectations of the Fed’s rate hike, the industry saw total flows at their lowest so far in 2017, at $43.0 billion.

PIMCO did particularly well last month, gaining active inflows of $2.3 billion. Overall, it surpassed Vanguard, which saw $879 million in active outflows. However, Vanguard posted positive results on the passive side, with inflows of $26.0 billion, followed closely by BlackRock/iShares with $24.9 billion in inflows.

In a complete reversal from March, the multi-national short category saw the greatest outflows in April at $2.9 billion after landing on the list of categories with the best outflows a month ago.

Finally, Morningstar said the foreign large blend, large blend, and intermediate-term bond were among the best three categories in terms of the highest inflows in April. The foreign-large blend category attracted $10.6 billion of inflows, on the passive side, and $1.5 billion of inflows on the active side.

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