Morningstar estimates that long-term mutual funds and ETFs attracted $32.6 billion of new investor cash in August, according to its monthly asset flow report.
Strong flows into international equity mutual funds and growing demand for fixed income were largely responsible for the overall increase in flows.
U.S. equity mutual funds and ETFs had outflows of $4.1 billion for the month.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
