According to the report that analyzes 4,000 separate accounts in Morningstar’s Institutional Investor Exchange database, products in the U.S. Equity asset class saw $105 billion in net outflows over the past year, ending in the first quarter of 2007.
Demand for non-U.S. equity products slowed, showing
a total outflow of $8 billion over the past four
quarters, the report showed. Net flows to products in the
Global Equity peer group attracted $34 billion over the
past four quarters.
Fixed Income products continue to see inflows,
experiencing $61 billion of inflows over the past
year ending in the first quarter of 2007.
Global and International Bond products continue to gain
assets, including $12 billion over the same period.
Over the past four quarters, the Long Duration
Fixed Income peer group experienced $13 billion in
positive flows, bringing the three-year total to $35
billion. For High Yield Fixed Income, outflows were $14
billion and totaled $27 billion over the past two years.
International Equity products outperformed U.S.
Equity products. The median International Small Cap,
Emerging Markets Equity and European Equity products all
returned greater than 20% over the past four quarters.
High Yield Fixed Income and Emerging Market Debt continue to be top performers. The median High Yield Fixed Income product returned 10.8% and the median Emerging Market Debt product returned 12.4% over the past four quarters.
For a copy of the report, e-mail Philip Kim at Casey, Quirk & Associates at. firstname.lastname@example.org or call 203-899-3012 .