The estimated U.S. mutual fund asset flows for July 2013 were released by Morningstar today. Investors added $15.9 billion to long-term mutual funds in July, driven by inflows of $7.9 billion into international-equity funds.
Outflows from taxable-bond funds ebbed to $1.3 billion after record outflows of $43.7 billion in June. Bank-loan and nontraditional bond funds at the expense of more traditional intermediate-term bond categories continue to be favored by investors. Morningstar estimates net flow by computing the change in assets not explained by the performance of the fund.