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Lipper 2013 Q1 Fixed Income Mutual Fund Performance Review WebEx Replay

Published on 10 Apr 2013, by Jeff Tjornehoj
Worries over the short-term health of the Eurozone brought on by the Cyprus banking crisis briefly sent investors back to Treasuries, and the sudden 21-basis-point hike in the ten-year note (to 2.07%) at the start of March was erased over the rest of the month. Although General US Treasury Funds lost 0.80% on the quarter, most of that loss was felt in January (-1.71%) when equities surged and "The Great Rotation" was supposedly afoot. Meanwhile, corporate bond investors sent Lipper's High Yield Funds classification near the top of the performance table as investors pursued more "risk-on" strategies in U.S. bonds throughout the quarter and sent that group up 2.74%.

Lipper Weekly U.S. Fund Flows Video Series - January 23, 2013

Published on 25 Jan 2013, by Jeff Tjornehoj
Jeff Tjornehoj discusses the flows among mutual funds and ETFs during the last week of December 2012.

Lipper 2012 Q4 Fixed Income Mutual Fund Performance Review WebEx Replay

Published on 09 Jan 2013, by Jeff Tjornehoj
Jeff Tjornehoj reviews fourth quarter performance figures for fixed income mutual funds as well as the developments and trends that shaped them.

Lipper Weekly U.S. Fund Flows Video Series - December 5, 2012

Published on 07 Dec 2012, by Jeff Tjornehoj
Jeff Tjornehoj, Lipper's Head of Americas Research, discusses flows activity for the first week of December.

Lipper Weekly U.S. Fund Flows Video Series - October 24, 2012

Published on 26 Oct 2012, by Jeff Tjornehoj
A rough start to earnings season turned away equity fund investors this past week. Following the previous week’s first positive fund flows in nine weeks, equity fund investors pulled the plug on more additions and instead withdrew $200 million from their accounts for the week ended October 24, 2012. Domestic equity funds bore the brunt of the outflows with $806 million withdrawn, while nondomestic equity funds took in $605 million. Taxable bond funds had one of their better weeks this year, seizing about $3.6 billion. Investors continued to downshift their purchases of junk bond funds; the High Yield group posted inflows of just $86 million, while core-investment choice Corporate Investment-Grade Funds saw inflows of $1.3 billion and weak-dollar play International & Global Debt funds had inflows of about $370 million. Tax-exempt funds had inflows of about $576 million, while money market funds saw outflows of about $3.2 billion.

Lipper 2012 Q3 Fixed Income Mutual Fund Performance Review WebEx Replay

Published on 09 Oct 2012, by Jeff Tjornehoj
Jeff Tjornehoj reviews the third quarter performance of fixed income funds. Statements by central bankers Draghi and Bernanke shook up bond markets and focused investors’ attention back on monetary policies and their positive effect on risky assets. Because the dollar fell over the quarter, ex-US fund strategies outperformed and with risk assets back in the driver’s seat lower-quality credits also led the performance charts at the expense of Treasuries and short-duration types.

Lipper 2012 Q2 Fixed Income Mutual Fund Performance Review WebEx Replay

Published on 10 Jul 2012, by Jeff Tjornehoj
Jeff Tjornehoj reviews the second quarter performance of fixed income funds. In a quarter marked by "risk-off" activity, Treasury-related fund types did particularly well and were followed by a successful showing by muni debt funds, investment grade corporate types, agency debt strategies, and high yield. Bringing up the rear, overseas fixed income strategies lagged after the U.S. dollar posted a strong rebound against the euro.

Lipper Weekly U.S. Fund Flows Video Series - June 20, 2012

Published on 25 Jun 2012, by Jeff Tjornehoj
Jeff Tjornehoj discusses trends and events in this week's flows data.

Lipper 2012 First Quarter Fixed Income Mutual Fund Performance Review WebEx Replay

Published on 10 Apr 2012, by Jeff Tjornehoj
Despite headlines trumpeting the return of equities, fixed income fund held their ground in Q1 and produced solid returns. Jeff Tjornehoj breaks down where the action was at and looks for conditions to improve for fixed income in the quarters ahead.

Lipper Weekly U.S. Fund Flows Video Series - February 22, 2012

Published on 24 Feb 2012, by Jeff Tjornehoj
Jeff Tjornehoj reviews Lipper's U.S. weekly fund flows for the week ended February 22, 2012. Although the Dow closed above 13,000 for the first time since May 2008, confusion (still) surrounding the Greek debt problem prompted equity mutual fund investors to contribute a paltry $1.3 billion this week. Curiously, large-cap growth funds were one of the stronger strategies this week, perhaps indicating a burgeoning appetite for risk taking. Overall, the conventional fund business experienced net inflows of $8.6 billion. Taxable bond funds (+$4.1 billion) continued to gain, particularly high yield products (+$700 million). Investors also looked favorably on municipal offerings as the group posted their twelfth consecutive week of inflows at $800 million. Money market fund investors added $2.4 billion for the week as institutions backed away from government paper.

Lipper Fourth Quarter 2011 Fixed Income Funds WebEx Replay

Published on 11 Jan 2012, by Jeff Tjornehoj
This quarter Jeff Tjornehoj discusses how the "risk-on" shift by bond investors sent High Yield Funds and Loan Participation Funds to the top of the performance tables in Q4. But lest we forget, 2011 was the one for record books for Treasuries and fortunes varied considerably among Lipper's many bond fund categories.

Lipper Weekly U.S. Fund Flows Video Series - November 30, 2011

Published on 02 Dec 2011, by Jeff Tjornehoj
Lipper's Jeff Tjornehoj dissects the the funds industry's flows data for this week.

Lipper Weekly U.S. Fund Flows Video Series - November 2, 2011

Published on 04 Nov 2011, by Jeff Tjornehoj
Jeff Tjornehoj discusses the flows into and out of the funds industry this week.

Lipper 2011 Third Quarter Fixed Income Mutual Fund Performance Review WebEx Replay

Published on 10 Oct 2011, by Jeff Tjornehoj
Serious concerns on the fate of Greece, European banks, and even the euro itself sent Treasury-related categories to the top of the performance charts in Q3. The "risk-off" trade forced High Yield and Emerging Markets Debt groups plunging. Jeff highlights these and other trends in his WebEx presentation.

Lipper Weekly U.S. Fund Flows Video Series - September 28, 2011

Published on 30 Sep 2011, by Jeff Tjornehoj
Jeff Tjornehoj reviews Lipper's U.S. weekly flows data for the week ended September 28, 2011. Investors reversed course from last week's outflows and allocated an estimated $4.9 billion in net new money toward mutual funds, the bulk of it to money market funds.

Lipper Weekly U.S. Fund Flows Video Series - September 7, 2011

Published on 09 Sep 2011, by Jeff Tjornehoj
Jeff Tjornehoj discusses the weekly flows data among mutual funds and highlights top changes in the ETF market.

Lipper Weekly U.S. Fund Flows Video Series - Agust 17, 2011

Published on 19 Aug 2011, by Jeff Tjornehoj
Jeff Tjornehoj reviews Lipper's U.S. weekly fund flows for the week ended August 17, 2011. Equity mutual fund investors were steadfast this week and actually added $1.7 billion to their accounts, busting a four-week string of outflows. After equity fund assets were pummeled over 11% the previous week, this week’s bounce-back of 6% calmed enough nerves to draw the more adventurous ones back into the race. Domestic funds saw their first week of inflows in the last five as $1.3 billion seeped in while non-domestic equity funds had a scant $400 million added when all was said and done. Taxable bond funds had $1.2 billion in outflows for their third week of outflows as investors pulled about $1.4 billion from their core fixed income holdings; High Yield funds had a slight outflow of $300 million after the HY market pulled back significantly the week before. Muni funds were cursed with a fourth week of outflows as a quarter-billion was drained away, which is an improvement over last week’s $600 million outflow. Money market funds took in a net $13.9 billion this week following last week’s $47.5 billion inflow. These funds have had $205 billion in outflows this year and could eclipse last year’s $441 billion.

Lipper Weekly U.S. Fund Flows Video Series - July 20, 2011

Published on 25 Jul 2011, by Jeff Tjornehoj
Jeff Tjornehoj reviews Lipper's U.S. weekly fund flows for the week ended July 20, 2011. Despite positive (albeit modest) returns in the broad equity markets this week, investors were net redeemers. They continued to buy taxable bond funds and even found enough courage to put more money to work in the muni fund space.

Lipper Weekly U.S. Fund Flows Video Series - July 13, 2011

Published on 15 Jul 2011, by Jeff Tjornehoj
For the week ending July 13, 2011, the traditional mutual funds industry saw net inflows of approximately $15.1 billion. Equity mutual funds managed to draw in an estimated $340 million in net new money despite a softer tone in equity markets; domestic equity funds outdrew their nondomestic peers by a 2-1 margin. Taxable bond fund flows accelerated as they drew $3.0 billion in new flows after four weeks of sub-$3 billion flows. High Yield funds have turned around significantly and pulled in nearly $900 billion this week, their second-highest pull this year. Tax-exempt bond funds took in over $360 million in net flows after last week’s $280 million outflow. Although California muni debt funds continued to see assets withdrawn, high yield muni funds drew almost $70 million and national muni funds drew over $500 million in net sales. Money market funds received the bulk of new money as over $11.4 billion was set aside in cash accounts. This week, taxable accounts drew the lion’s share of net sales with over $15.1 billion committed.

Lipper 2011 Second Quarter Fixed Income Mutual Fund Performance Review WebEx Replay

Published on 29 Jun 2011, by Jeff Tjornehoj
The flight to quality trade looks to send Treasury-related categories to the top of the performance charts in Q2. Municipals debt funds--despite dire predictions for municipalities by certain analysts--have performed exceptionally well as the pipeline for new bond issuance dried up. Record-level issuance of high yield corporate debt during the quarter appears to have come to a screeching halt and High Yield Debt Funds turned in some of the fixed income world’s worst returns. Jeff highlights these and other trends in his WebEx presentation.

Lipper Weekly U.S. Fund Flows Video Series - June 8, 2011

Published on 10 Jun 2011, by Jeff Tjornehoj
Jeff Tjornehoj reviews Lipper's U.S. weekly fund flows for the week ended June 8, 2011. Lots of not-so-good economic news sent stocks down for six consecutive days, leading the Dow to the edge of the 12,000 point mark. Investors pulled $1.6 billion from their mutual funds and an additional $4.9 billion from equity ETFs as domestic mutual funds and ETFs each bore the brunt of outflows in their respective group. Taxable bond funds received $3.8 billion in net new money with the Corporate-Investment Grade group responsible for $1.7 billion and the Government-Treasury group good for $206 million. International & Global Debt funds, despite misgivings related to the mess in Greece, received over $1 billion for their best week of the year. Municipal debt funds . . . wait for it . . . saw their flows turn positive, and nearly $250 million at that. This officially caps their outflows streak at 29 weeks and total outflows at $48.9 billion. Since the end of March the average muni debt fund has a total return of almost 3.8%--an outstanding performance (pre-tax, even!) that was much better than taxable funds, where so much money has flowed this year. Money market funds saw inflows of $14.3 billion.

The Week in Fund--and ETF--Flows: May 25, 2011

Published on 27 May 2011, by Jeff Tjornehoj
Jeff Tjornehoj discusses the week's data and talks about which funds mattered the most when it came to the final numbers.

Lipper 2011 First Quarter Fixed Income Mutual Fund Performance Review WebEx Replay

Published on 12 Apr 2011, by Jeff Tjornehoj
Headline risk kept most bond fund groups in the black at the end of Q1. Long-term Treasury and some--but not all--municipal debt funds groups were the quarter's worst performers, badly trailing riskier high yield and flexible income strategies. Jeff Tjornehoj walks listeners through the ups and downs that marked Q1 2011.

Lipper Weekly U.S. Fund Flows Video Series - April 6, 2011

Published on 08 Apr 2011, by Jeff Tjornehoj
Jeff Tjornehoj reviews Lipper's U.S. weekly fund flows for the week ended April 6, 2011. For the twenty-first consecutive week Municipal Debt Fund investors were net redeemers, pulling out $1.1 billion from the conventional funds business, while equity and taxable bond fund investors padded the coffers of fund management firms.

Lipper Weekly U.S. Fund Flows Video Series - January 19, 2011

Published on 21 Jan 2011, by Jeff Tjornehoj
Jeff Tjornehoj reviews Lipper's U.S. weekly fund flows for the week ended January 19, 2011. For the tenth consecutive week Municipal Debt Fund investors were net redeemers, pulling out a record $3.9 billion from the conventional funds business.
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