--- title: U.S Open-End Funds On Track For Largest Annual Outflows description: U.S. equity funds also suffered record quarterly outflows. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-513732548-May-12-2022-09-19-46-63-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/u-s-open-end-funds-on-track-for-largest-annual-outflows#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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Among long-term funds, open-end funds are on track for their worst calendar year ever after suffering $317 billion of outflows so far in 2020. ETFs, by contrast, have raked in $313 billion for the year to date. That is by far the widest asset-flows disparity between the two investment types since 1993, according to Morningstar data. Morningstar's report about U.S. fund flows for September 2020 is available [here](https://c212.net/c/link/?t=0&l=en&o=2952673-1&h=3096835388&u=https%3A%2F%2Fwww.morningstar.com%2Flp%2Ffund-flows-direct%3Futm_source%3Dcorp_comm%26utm_medium%3Dreferral&a=here). Highlights from the report include: - In a month when the S&P 500 index reached a new all-time high on Sept. 2, 2020 before pulling back, long-term mutual funds and ETFs saw inflows of $13 billion in September, marking the sixth consecutive month of inflows. Separately, open-end mutual funds had $22 billion of outflows while ETFs collected $34 billion. - Money market funds, which had windfalls earlier in the year amid market tumult, also had outflows of $117 billion in September. Looking at the third quarter of 2020, these funds had a hefty $223 billion of outflows, the most since 2010's first quarter but only a fraction of the $1.5 trillion they collected from April 2019 through June 2020. - Among category groups, taxable-bond funds continued to lead with another $39 billion of inflows in September following August's $77 billion of inflows. They also netted a healthy $202 billion for the quarter—just shy of the record $203 billion they accumulated during the previous quarter. As in August, investors continued to seek middle-of-the-road risk exposure in September, putting nearly $15 billion into intermediate core and $10 billion into intermediate core-plus funds. - Investors continued to pull money out of U.S. equity funds in September. Although the $21 billion that left U.S. equity funds in September was the smallest amount since April's $18 billion, the group suffered record quarterly outflows of $119 billion. - Allocation funds marked 64 consecutive months of outflows in September, with the world allocation category accounting for half of the month's $8.3 billion in net redemptions. - Vanguard retained the top spot among fund families with approximately $11.7 billion of inflows, with inflows on both the active and passive fronts during the month. The firm benefited from investors' interest in taxable-bond funds; Vanguard's offerings in that category collected more than $13 billion. Dimensional Fund Advisors' $4 billion of outflows in September was the most among fund families. The firm has had at least $2.6 billion of outflows every month since March 2020. To view the complete report, please click [here](https://c212.net/c/link/?t=0&l=en&o=2952673-1&h=3096835388&u=https%3A%2F%2Fwww.morningstar.com%2Flp%2Ffund-flows-direct%3Futm_source%3Dcorp_comm%26utm_medium%3Dreferral&a=here). Source: Morningstar [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/u-s-open-end-funds-on-track-for-largest-annual-outflows) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/u-s-open-end-funds-on-track-for-largest-annual-outflows) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/u-s-open-end-funds-on-track-for-largest-annual-outflows) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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