Tuesday, March 20, 2012

Best Performing Japan Stocks - Mutual Funds, U.S. Stock Funds Lead January Inflows; ETFs Dip: Morningstar

Morningstar reported Monday that long-term mutual funds, after suffering outflows of $10.6 billion in December, collected $29.8 billion in January 2011, while stock funds experienced their best month since February 2006 with inflows of $15.8 billion after an eight-month run of outflows.
ETF inflows dropped slightly to $11.3 billion in January after collecting $18.4 billion in December. As of the end of 2010, assets under management exceeded $1 trillion. Best Performing Japan Stocks - U.S. stock ETFs drove inflows in January with $9.9 billion, Morningstar reports, despite being down 50% month over month. In December, U.S. stock ETFs brought in $17.2 billion.
Taxable-bond ETFs gained $2.9 billion in January, the month's second highest inflows by asset class.
International stock ETFs had the second highest inflows in 2010 among ETF assets classes, Morningstar reports, but saw modest outflows in January, losing $491 million.
Commodities ETFs, especially precious metals, led outflows, losing $1.7 billion. Futures-based broad agricultural commodities funds experienced some inflows.
Municipal bond outflows totaled $12.5 billion in January after suffering record outflows in December of $13.4 billion.
Taxable bond funds reversed course, gaining $10.7 billion in January after $4.5 billion in outflows in December. Credit-oriented categories, especially Best Performing Japan Stocks - bank-loan funds which gained assets of $5.6 billion in January, led inflows for the asset class. January was the second consecutive monthly inflow record for bank-loan funds, and was the sixth consecutive month-over-month increase.
Actively managed U.S. equity funds beat out Best Performing Japan Stocks - passively managed funds with $10 billion in inflows, compared with $5.8 billion. Morningstar reported that January was only the fourth month over the past three years that actively managed funds have outdrawn passively managed funds.
Best Performing Japan Stocks - Money market funds experienced their largest monthly outflow since April 2010, losing $75.9 billion in January.

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