Morningstar - Q3 2021 - 95

FUND FLOWS SPOTLIGHT
Investors Flock to International Equity Funds
Even as many international stock markets continue
to lag U.S. markets, investors are pouring
money into funds specializing in non-U.S. stocks.
International equity funds have garnered seven
consecutive months of inflows for the first
time in four years, and their 2021 haul is outpacing
that of U.S. equity or sector equity funds.
Estimated Year-to-Date Net Flow ($B) -30
Foreign Large Blend 25.42
The largest international-stock funds categories
continue to attract the most flows, but on an
organic growth basis, the smaller categories have
seen their assets swell. In just the first five
months of 2021, the China region Morningstar
Category has grown by 15% to $49.9 billion,
the European stock category has grown by 18%
30
Foreign Large Growth 0.48
World Large-Stock
Growth 0.48
Size of box
represents
category assets
under
management
Foreign Large Value 4.4
Diversified Emerging Mkts 41.52
World Small/Mid
Stock 7.68
Europe
Stock
8.87
World Large-Stock Blend 14.42
World Large Stock
Value -7.27
Foreign Small/
Mid Blend 5.44
Miscellaneous
Region -0.18
Source: Morningstar Direct. Data as of 05/31/2021.
Pacific/Asia
ex-Japan
Stk 5.36
Japan Stk 0.58
Foreign Small/
Foreign
Small/Mid
Growth
1.2
China
Region
5.33
Mid Value -0.27
to $64.11 billion, and the Pacific Asia ex-Japan
category has grown by 15% to $43.4 billion.
Katherine Lynch is a data journalist at Morningstar.
Diversified
Pacific/Asia 1.18
Latin America
Stock 0.03
India Equity 0.65
Active Versus Passive Fund Strategies The percentage of U.S. actively managed funds that outperformed their respective Morningstar Style Index.
< 20%
Percentage of Actively Managed Funds Outperforming Index:
1-Year
81.0%
34.9
48.6%
41.5
40.0%
42.0
3-Year
58.2%
11.4
19.6%
19.0
23.6%
25.0
20 to 40%
> 40%
Index Returns (06/30/2021)
5-Year
67.3%
11.3
30.6%
17.2
20.3%
24.4
50.5%
53.5
51.0%
48.8
55.6%
43.2
77.5%
9.1
20.0%
15.8
26.1%
24.8
60.6%
11.4
34.2%
14.6
23.1%
22.5
31.9%
Value
75.9
72.6%
Core
54.5
81.3%
43.5
54.2%
Growth
Value
8.5
60.5%
Core
10.6
59.0%
17.3
67.0%
Growth
Value
10.8
65.4%
Core
morningstar.com/lp/magazine
13.0
59.3%
19.4
Growth
95
Small
Mid
Large
Small
Mid
Large
Small
Mid
Large
http://www.morningstar.com/lp/magazine

Morningstar - Q3 2021

Table of Contents for the Digital Edition of Morningstar - Q3 2021

Contents
Morningstar - Q3 2021 - Cover1
Morningstar - Q3 2021 - Cover2
Morningstar - Q3 2021 - 1
Morningstar - Q3 2021 - 2
Morningstar - Q3 2021 - Contents
Morningstar - Q3 2021 - 4
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Morningstar - Q3 2021 - Cover3
Morningstar - Q3 2021 - Cover4
Morningstar - Q3 2021 - M1
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