Mutual Fund, ETF Fund Flows Rebound in October: Morningstar

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Taxable-bond funds experienced their lowest intake, $22 billion, since March 2020. Even so, their $486 billion of inflows so far in 2021 is the most of any category group. 

Strong demand for environmental, social and governance-related funds carried over into October. Funds that have sustainability mandates incorporated into their prospectuses, as measured by Morningstar, had inflows of $4.9 billion, bringing their trailing 12-month intake to $75 billion — a 36.6% organic growth rate. 

In October, $20.2 billion flowed into iShares, the most among all fund families. That sum narrowly exceeded the $19.7 billion that streamed into Vanguard, whose monthly flows had led all fund families for 10 consecutive months before October.

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