Mutual Funds Show Healthy Inflows for First Half of 2021

Morningstar is reporting that, through the first six months of the year, mutual funds took in $722 billion, the largest semiannual total in Morningstar data going back to 1993 and surpassing the next highest mark of $394 billion from the first half of 2017.  Morningstar also reported that passively managed strategies pulled in $161 billion through the first half of 2021 while actively managed U.S. equity funds shed more than $88 billion. Large-growth funds were the only U.S. equity category with negative flows in the same period and had the steepest outflows over the trailing 12 months, according to Morningstar’s Fund Flows report.