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FYI: After a rather unusual December when U.S. equity received the highest flows among all Morningstar Category Groups, January flows appear to have reverted to the 2015 pattern: outflows from U.S. equity and inflows to international equity. More interesting are municipal bond flows, which have been gaining some momentum since October. Also, commodities are showing signs of life for the first time. Regards, Ted http://corporate.morningstar.com/US/documents/pr/AssetFlowsFeb2016.pdf
