Morningstar survey: Global inflows for 2015 drop by one third

In 2014, mutual funds saw $1.4trn (£988bn) of total flows, but last year saw a notable drop to $949bn (£670bn) of total fund sales globally. The US saw new asset flows of $263bn, less than half of $580bn seen in 2014, while Asia showed the strongest organic growth rate among all regions analysed, at 18.6%.  Allocation funds gathered $171bn, taking the position as the group with the second-largest inflows, while fixed income funds saw $132bn of new money. Alternative funds saw double-digit organic growth for a second year running, the highest rate among global category groups. The r...