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SOURCE Morningstar, Inc.
CHICAGO, June 13, 2014 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund asset flows for May 2014. Investors added $23.4 billion to long-term mutual funds in May. With the stock market at all-time highs, equity investors continued to show more interest in international and sector funds than their domestic counterparts. Additional transfers of assets from mutual funds to collective investment trusts (CITs) at Fidelity contributed to some of the $6.9 billion outflow from U.S.-equity funds, but market appreciation kept assets in the category group at near-record levels. Morningstar estimates net flow by computing the change in assets not explained by the performance of the fund. Click here for a full explanation of Morningstar's methodology.
Additional highlights from Morningstar's report on mutual fund flows:
To view the complete report, please visit http://www.global.morningstar.com/mayflows14. To view a video recapping May's U.S. asset flow trends, please visit http://bit.ly/may2014flows. For more information about Morningstar Asset Flows, please visit http://global.morningstar.com/assetflows.
The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. References to and commentary about the above mentioned mutual funds should not be considered a solicitation to buy or sell that fund.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 456,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and had approximately $164 billion in assets under advisement and management as of March 31, 2014. The company has operations in 27 countries.
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