Active Mutual Funds Take Major Hit in July

U.S. equity fund outflows are at their highest peaks in over 20 years, with international equity reaping the benefits. Outflows of U.S. equity increased to $14.3 billion in July from $8 billion in June, with consistent inflows to passive equity funds unable to offset sustained outflows from active funds.

That’s the finding from Morningstar ‘s monthly report of estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows. 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 ETFs by computing the change in shares outstanding.

Additional highlights from Morningstar’s report:

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