| 2016-10-18 11:00:00|
MORN 11:00 10/18 10/18/16
Morningstar: Active U.S.-equity funds post estimated $23.6B in outflows in Sept.
Morningstar reported estimated U.S. mutual fund and exchange-traded fund asset flows for September 2016. Assets continued to exit active U.S.-equity funds, with an estimated $23.6B in outflows in September, slightly down from August's $25.4B. U.S. equity attracted steady flows on the passive side, with an estimated inflow of $19.3B in September, up from August's $16.4B. 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.