Tuesday, May 21 2013 11:46 PM EDT2013-05-22 03:46:29 GMT
It was a call from coworkers on April 24, 1989 that led Calcasieu Sheriff's deputies to the 923 S. Division Street after Beryl Robichaux, 35, failed to show up for shift at a local cab company. "OnceMore >>
It's been more than 24 years since a Lake Charles woman was discovered stabbed to death inside her apartment and authorities still don't have a suspect. In this week's Cold Case Investigation KPLC's Lee Peck takes a look at the circumstances leading up to the murder of Beryl Robichaux.More >>
Tuesday, May 21 2013 11:23 PM EDT2013-05-22 03:23:47 GMT
One family in Iowa, La. felt helpless as the EF5 tornado touched down in Moore, Okla., a town where relatives lived. For Lisa Farque and Sara LaFargue, it was a terrifying moment watching the tornadoMore >>
Imagine having family in the pathway of the Moore, Oklahoma tornado. For one family in Iowa, that nightmare was a reality. More >>
Tuesday, May 21 2013 10:36 PM EDT2013-05-22 02:36:47 GMT
It's no secret the Calcasieu Parish School Board's projected budget for the 2013-2014 school year is nearly $13 million in the hole and KPLC is learning teacher reductions is one of their options to reducingMore >>
It's no secret the Calcasieu Parish School Board's projected budget for the 2013-2014 school year is nearly $13 million in the hole and KPLC is learning teacher reductions is one of their options to reducing that deficit.
Tuesday, May 21 2013 9:58 PM EDT2013-05-22 01:58:28 GMT
Travis Matte and the Kingpins will take the stage at "Downtown at Sundown" in Lake Charles from 6:15 p.m. to 9 p.m. on Friday, May 24. Since 2004, the group has blended together various musical stylesMore >>
Travis Matte and the Kingpins will take the stage at Downtown at Sundown in Lake Charles from 6:15 p.m. to 9 p.m., Friday, May 24.More >>
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SOURCE Morningstar, Inc.
In the news release, Morningstar Publishes 2012 Global Fund Flows Trend Report, issued 07-Mar-2013 by Morningstar, Inc. over PR Newswire, we are advised by the company that the 16 percent and 18 percent of worldwide long-term inflows captured by Vanguard and PIMCO, respectively, in 2012 includes mutual funds only, not mutual funds and ETFs as indicated in the original press release. The complete, corrected release follows:
Morningstar Publishes 2012 Global Fund Flows Trend Report
CHICAGO, March 7, 2013 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today published its first Global Fund Flows Trend Report. The research report examines the trends that drove 2012 mutual fund asset flows in five key markets-Australia, Canada, Europe, Japan, and the United States-and provides a worldwide overview that includes these regions as well as other markets in which Morningstar tracks fund performance and assets.
"Despite ongoing worldwide economic uncertainty, the global fund management industry grew at a 3.9 percent organic growth rate in 2012. Excluding money market funds, USD 565 billion flowed into mutual funds during the year. These massive inflows, though, fell short of 2009 and 2010, which saw inflows of USD 746 billion and USD 672 billion, respectively. Moreover, the average management fee that the industry gathers from investors has fallen dramatically since 2007 due to the cyclical shift to fixed-income products and a secular inclination toward less expensive funds," Syl Flood, product manager, investment research for Morningstar, said. "The prevailing global trend in 2012 was investors' hunger for yield and quest for the perceived safety of fixed-income funds. Worldwide, fixed-income funds gathered USD 535 billion in 2012, or nearly 95 percent of long-term net inflows."
Highlights from Morningstar's Global Fund Flows Trend Report include:
U.S. fixed income, which houses the intermediate-term bond category and American heavyweights PIMCO Total Return and DoubleLine Total Return, is by far the largest long-term global category, with nearly USD 2 trillion in assets under management (AUM). U.S. investors contributed USD 199 billion of the category's USD 227 billion total inflow in 2012. The PIMCO fund is by far the world's largest actively managed strategy, with USD 442 billion in assets (including assets managed for institutional clients).
In 2012, interest from cross-border investors propelled funds in the U.S. fixed-income category to a 47 percent organic growth rate. Many of the most popular offerings are tended by U.S.-based managers, including AllianceBernstein, Muzinich, Neuberger Berman, and PIMCO.
While 78 percent of worldwide mutual fund and exchange-traded fund (ETF) AUM still resides in actively managed funds, passive products captured 41 percent of estimated net flows-USD 355 billion-in 2012. With the exception of Australia and New Zealand, index funds grew faster than actively managed funds in every geographic region during the year, and the United States is leading the way in its appetite for low-cost, passive strategies.
Newer funds-those without a three-year track record-captured 87 percent of worldwide inflows in 2012.
Vanguard and PIMCO took in 16 percent and 18 percent, respectively, of worldwide long-term mutual fund inflows in 2012.
The report examines each key market in detail, analyzing flows by attributes such as broad asset class, Morningstar category, and fund group, as well as new fund launches and the active versus passive dynamic in each market. The commentary encompasses the 71 domiciles in which Morningstar tracks fund flows, accounting for USD 20.7 trillion in assets, and touches on the USD 1.9 trillion ETF universe tracked by Morningstar, when applicable.
The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately $149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.