Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
6 Charts on Near-Record US Fund Flows in February
Long-term US funds had another superb month in February, bringing in over $150 billion, second only to March 2021 in the past 15 years. The past three months of inflows have been the largest since March 2021, with taxable-bond funds continuing to lead the charge. In February, they were responsible for more than half the month’s inflows. International-equity funds also had a strong month, with their largest monthly intake since 2018.
Source: Morningstar Direct. Data as of Feb. 28, 2026. Download CSV.
Bond Funds’ Streak Continues With Another Massive Month
Taxable-bond funds built off last month’s record inflows with another strong month, gathering nearly $85 billion in new assets in February. The past two months of inflows were the two largest figures for taxable-bond funds over the past five years, hinting at investors’ conservatism amid artificial intelligence fears, geopolitical tension, and high equity valuations. Overall, 24 of 27 taxable-bond Morningstar Categories saw inflows. Investors also continued to diversify geographically, with global-bond USD-hedged funds bringing in over $10 billion, their largest monthly inflows in over a decade.
Source: Morningstar Direct. Data as of Feb. 28, 2026. Download CSV.
Investors Eye Corporate Bonds as Spreads Widen
Corporate bond funds, which primarily comprise investment-grade corporate debt, collected $8 billion in February, their largest monthly figure since June 2020; wider spreads may be why. High corporate issuance in February contributed to a higher supply relative to demand and, thus, wider corporate bond spreads. AI fears and geopolitical tensions may have also played a role. After a few years of spread tightening, investors may have jumped at the opportunity as corporate fundamentals generally remained strong and large-cap margins were near all-time highs.
Source: Morningstar Direct. Ice Data Indices, LLC via FRED®. Data as of Feb 28, 2026. Download CSV.
Large-Value US Equity Funds Post Rare Inflows in February
Amid wider US equity outflows in February of $4.6 billion, large-value funds posted a $7.5 billion inflow, just their eighth (and largest) monthly net increase in the past three years. The category still played second fiddle to its larger sibling, large-blend, which gathered a humdrum (for it) $10.6 billion. Meanwhile, investors fled growth funds to the tune of nearly $22 billion, led by a large-growth exodus of more than $18 billion. A short-term performance disparity, with value stocks outpacing growth stocks by about 12 percentage points in the first two months of 2026, may have sparked interest.
Source: Morningstar Direct. Data as of Feb. 28, 2026. Download CSV.
Investors in Love With International Equity in February
International-equity funds’ monthly inflow streak extended to 10 in February, with the group’s largest inflow in three years at $33 billion. It edged January’s $31 billion gathering for the title. These gains followed a string of strong performances, with the Morningstar Global Markets Ex-US Index’s trailing one-year return topping 40% in February. Diversified emerging markets led categories, with a $9.5 billion intake.
Source: Morningstar Direct. Data as of Feb. 28, 2026. Download CSV.
Industrials Continue to Lead Sector-Equity Fund Flows
Industrials funds attracted more than $5 billion in February, again taking the flows crown among sector-equity funds. They’ve attracted nearly $24 billion over the past year, with a combined $10 billion going into two aerospace and defense funds. The broader sector-equity group enjoyed inflows of nearly $10 billion in February, helped by strong flows to equity energy, natural resources, technology, and infrastructure. Meanwhile, financial funds saw more than $5 billion deducted, their largest outflows since May 2022.
Source: Morningstar Direct. Data as of 02/28/2026. Download CSV.
_This article is adapted from the Morningstar Direct US Asset Flows Commentary for February 2026. Download the full report here. _