Morningstar Report: Funds and ETFs take in $43b in July

In its latest report on fund flows, Morningstar estimated that overall, long-term U.S. mutual funds and ETFs collected $43 billion in July, marking their fourth consecutive month of inflows. Total inflows from April through July were $164 billion, slightly more than half of the $327 billion of outflows that affected those funds in March, Morningstar reported. Taxable bond funds were big winners, however U.S. equity funds had record outflows of nearly $46 billion in July, according to the report which added that U.S. equity funds’ $147 billion of net outflows puts 2020 on track to become the group's worst year ever, easily surpassing 2015's record outflows of $63 billion.