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News Breaks | | | | September 17, 2012 | | 11:12 EDT |  | MORN | Morningstar reports August U.S. long-term mutual fund inflows $20.7B
Morningstar reported estimated U.S. long-term mutual fund inflows were $20.7B in August, as open-end U.S.-stock funds tallied yet another month of outflows, losing $14.3B. Investors poured $26.4B into taxable-bond funds and another $5.6B into municipal-bond funds in August. U.S.-stock mutual funds and ETFs bled $22.4B in August, making it the worst month in two years and the fifth worst during the past five years for the asset class. | |
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