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LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES - APRIL 24, 2013

Published on 26 Apr 2013, by Tom Roseen
Investors seemed to be hung over for the week ended Wednesday, April 24, after news that included a fake AP tweet about explosions at the White House and bleak economic reports. Investors are having difficulty judging the first quarter corporate earnings season, with some of the wild market swings caused by conflicting reports. The funds business (including conventional funds and exchange-traded funds [ETFs]) saw net redemptions of $7.0 billion. Tom talks about this week’s trends in fund flows.

Lipper 2013 Q1 Equity Mutual Fund Performance Review WebEx Replay

Published on 10 Apr 2013, by Tom Roseen
Investors generally shrugged off the Cyprus banking crisis, Italy's inability to form a new coalition government, and U.S. sequestration during the first quarter of 2013, focusing instead on upbeat economic news and continued support by the Fed, pushing a few of the major indices to all-time highs. For the quarter, equity mutual funds posted their second best Q1 performance since 1998. Tom highlights investment trends for equity funds during Q1 2013 and provides his outlook for next quarter in this WebEx replay of Lipper's First Quarter 2013 Fund Performance Review and Outlook.

Lipper Weekly U.S. Fund Flows Video Series - April 3, 2013

Published on 05 Apr 2013, by Tom Roseen
U.S. investors were net purchasers of fund assets for the week ended April 3, 2013, injecting over $5.6 billion into the funds business (including conventional funds and exchange-traded funds [ETFs]). However, for the fifth consecutive week municipal debt funds (-$113 million) suffered net redemptions as investors remained concerned about municipal bond funds losing their tax-exempt status during the upcoming budget negotiations and the risk of underfunded state pension plans putting undue pressure on state coffers. Conventional equity funds and equity ETFs witnessed their fifth consecutive week of net inflows (+$2.2 billion), despite some market gurus’ call of a probable near-term pullback in the market. During the week investors continued to inject net new money into taxable bond funds (+$2.4 billion) and money market funds (+$1.2 billion).

Lipper Weekly U.S. Fund Flows Video Series - March 13, 2013

Published on 18 Mar 2013, by Tom Roseen
Excluding ETF activity, investors kept their foot on the pedal, padding the coffers of equity mutual funds to the tune of $3.0 billion net. Domestic equity funds witnessed net inflows of $1.4 billion, while their nondomestic equity fund counterparts took in some $1.6 billion. However, for the second consecutive week both municipal debt funds (-$113 million) and money market funds (-$2.4 billion) suffered net redemptions as investors remained in a risk-on mode. During the week investors continued to inject net new money into taxable bond funds (+$1.8 billion), which still cast a shadow over the mainstream media’s prediction of a grand rotation out of fixed income funds into equity funds.

Lipper Weekly U.S. Fund Flows Video Series - February 27, 2013

Published on 01 Mar 2013, by Tom Roseen
Excluding ETF activity, investors kept their foot on the peddle, padding the coffers of equity mutual funds by injecting $2.8 billion of net new money into the group--for its first eight-consecutive–week period of inflows since March 16, 2011. Conventional mutual fund investors took on a little more risk in the taxable fixed income funds space (+$2.9 billion), injecting $1.2 billion into Bank Loan Funds and Flexible Income Funds took in $1.4 billion. Tom highlights flows for both conventional mutual funds and ETFs in this week's fund flows video.

Lipper Weekly U.S. Fund Flows Video Series - February 6, 2013

Published on 08 Feb 2013, by Tom Roseen
Investors renewed their interest in equity mutual funds (ex-ETFs), injecting $4.1 billion of net new money into the group--for its first five consecutive weeks of inflows since February 8, 2012. Domestic equity funds witnessed net inflows of $1.1 billion, while their nondomestic equity fund counterparts took in some $3.1 billion. Conventional mutual fund investors took on a little more risk in the taxable fixed income funds space (+$3.3 billion), injecting $1.5 billion into corporate investment-grade debt funds (for their thirty-fourth consecutive week of net inflows) and $1.7 billion into flexible income funds. Tom highlights flows for both conventional mutual funds and ETFs in this week's fund flows video.

Lipper Weekly U.S. Fund Flows Video Series - January 30, 2013

Published on 01 Feb 2013, by Tom Roseen
Conventional equity mutual funds attract $5.8 billion in net inflows for the week ended January 30, 2013—their fourth consecutive week of net inflows (bringing their four-week total to $20.7 billion—their largest four-week total since the period ended April 12, 2000). Tom Roseen discusses flows trends for both conventional mutual funds and exchange-traded funds in this week’s fund flows video.

Lipper Weekly U.S. Fund Flows Video Series - January 9, 2013

Published on 11 Jan 2013, by Tom Roseen
During the first full week of fund flows for the new year, investors were net purchasers of fund assets to the tune of $34.2 billion. Equity funds, including exchange-traded funds (ETFs), took in a whopping $18.3 billion for the week ended Wednesday, January 9, 2013, their fourth largest net inflows since Lipper began calculating weekly flows in January 1992. Tom discusses the flows trends for the industry in this podcast.

Lipper 2012 Q4 Equity Mutual Fund Performance Review WebEx Replay

Published on 09 Jan 2013, by Tom Roseen
In this WebEx replay, Tom Roseen discusses the trends and events that shaped equity fund returns in Q4 and 2012. Despite the persistent market pessimism and the best efforts by our elected officials to derail the economy, fund investors benefitted in 2012 by generally going against the grain and trusting (selectively) in equity funds. For the year the average equity fund returned a robust 14.51%.

LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES - NOVEMBER 28, 2012

Published on 30 Nov 2012, by Tom Roseen
In this podcast, Tom talks about this week's mutual fund and ETF flows trends. Despite a shortened trading day on the Friday after Thanksgiving, US stocks rallied on better-than-expected economic news from Germany and China and on preliminary news that shoppers did indeed head to the retail stores on Black Friday. During the week ended Wednesday, November 28, the market suffered from a little bipolar behavior: the Dow Jones Industrial Average witnessed its best Friday-to-Friday weekly performance since the week ended June 8, 2012, rising 3.35%, only to decline 1.01% on the first two trading days of the new week on fears the debt talks had stalled. This was despite investors’ learning of better-than-expected durable goods orders and the sixth consecutive month of increasing home prices in September. However, on Wednesday markets rallied once again after comments by President Obama and Speaker of the House John Boehner suggested a budget deal hopefully would be reached before Christmas. Despite the rollercoaster ride, for the week fund investors injected a net $21.1 billion into the funds business (including open-end funds and ETFs), allocating net new money into all of Lipper's major macro-classifications, with money market funds attracting the lion's share (+$11.4 billion). For the first week in three equity funds witnessed net inflows (+$7.4 billion, erasing the previous week's outflows), while taxable bond funds (+$1.8 billion) attracted inflows for the twentieth week in twenty-one. For the fourth consecutive week municipal bond funds attracted net new money (+$0.5 billion).

LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES - NOVEMBER 7, 2012

Published on 09 Nov 2012, by Tom Roseen
During the week ended Wednesday, November 7, the Dow Jones Industrial Average suffered its worst one-day decline of the year--312.95 points--on the day after President Barack Obama secured a second term. With the presidential election over, investors began to contemplate the real possibility that the U.S. could plunge over the proverbial "fiscal cliff" if the government remains gridlocked. For the week investors were reluctant to make any major moves ahead of the election, even after U.S. consumer confidence improved in October, China's PMI survey pointed to an ongoing recovery, the ISM Manufacturing Index inched up in October, and October nonfarm payrolls increased a better-than-expected 171,000. Despite poor market returns for the week, fund investors injected almost $43.0 billion net into the funds business (including open-end funds and ETFs), allocating net new money into all of the major macro-classifications. Ahead of the election results investors padded the coffers of money market funds, depositing a net $31.1 billion, which erased the $23.5-billion outflows seen the prior week. For the first week in four equity funds witnessed net inflows (+$4.9 billion), while taxable bond funds (+$6.1 billion) attracted inflows for the seventeenth week in eighteen, and for the second consecutive week municipal bond funds (+$0.9 billion) attracted net new money.

LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES - OCTOBER 17, 2012

Published on 19 Oct 2012, by Tom Roseen
Tom talks about this week's mutual fund and ETF flows trends. Shrugging off relatively strong equity returns toward Wednesday's close, fund investors remained less risk seeking injecting $10.6 billion into money market funds out of the $13.1 billion of net inflows into the funds business (including open-end funds and ETFs). For the second week in three equity funds suffered net outflows, witnessing $2.6 billion in net redemptions, while money market funds (+$10.6 billion), taxable bond funds (+$4.5 billion), and municipal bond funds (+$0.6 billion) continued to attract net new money.

Lipper 2012 Q3 Equity Mutual Fund Performance Review WebEx Replay

Published on 09 Oct 2012, by Tom Roseen
Tom Roseen highlights Q3 equity fund trends in this WebEx presentation. Despite the proverbial cloud hovering over the global market during the quarter, investors found a reason to cheer: central bank intervention. The on-again, off-again story surrounding Greece, Italy, and Spain from Q2 appeared to play into equity participants’ plans. Investors throughout the third quarter bet that global central bankers would do whatever it took to keep their individual economies on track. Quarterly equity fund performance was unexpectedly strong, with the average equity fund gaining 5.72%, erasing all of Q2’s loss (-5.19%).

LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES – SEPTEMBER 26, 2012

Published on 28 Sep 2012, by Tom Roseen
For the week ended Wednesday, September 26, the S&P 500 locked in its first five-day losing streak since the middle of July. After an unexpectedly strong equity showing earlier in September (equity funds were up 2.1% month to date through September 26 and 5.12% quarter to date), investors decided to take a little of their hard-won profits off the table during the week. They appeared to be focusing on the demonstrations in Spain and Greece, the dissenting QE3 opinion from nonvoting Federal Reserve member Charles Plosser, continued uncertainties surrounding the upcoming U.S. presidential election, and the looming “fiscal cliff.” These economic and geopolitical concerns outweighed the news that housing appeared to be improving over the last several months, with the S&P/Case-Shiller Composite rising for the fourth month in a row and July housing prices climbing 0.2%. Despite the poor performance, fund investors were net purchasers of fund assets, injecting $9.7 billion into the funds business (including open-end funds and ETFs). For the third consecutive week equity funds witnessed net inflows to the tune of $1.1 billion for the week (significantly muted from the prior two weeks), while money market funds (+$3.9 billion), taxable bond funds (+$4.0 billion), and municipal bond funds (+$0.6 billion) continued on their merry old way–attracting net new money. Tom Roseen discusses Lipper's U.S. Weekly fund flows.

LIPPER WEEKLY U.S.FUND FLOWS VIDEO SERIES - SEPTEMBER 5, 2012

Published on 07 Sep 2012, by Tom Roseen
Tom Roseen discusses Lipper's U.S. weekly fund flows. For the first week in three equity ETFs suffered net redemptions, handing back some $5.9 billion. Just one fund accounted for the majority of the outflows: SPDR S&P 500 ETF (-$6.0 billion). Excluding ETFs, for the fourth week in a row equity funds witnessed net redemptions (-$0.9 billion) as domestic equity funds suffered just a little under $1.0 billion in net redemptions and nondomestic equity funds took in a little less than $99 million. Investors took their foot off the gas pedal in the risk-on fixed income space, injecting just $60 million into corporate high yield debt funds. However, conventional mutual fund investors, in their continued pursuit of yield, padded the coffers of Lipper’s Corporate Investment-Grade Debt Funds (+$738 million) and Flexible Income Funds (+$262 million) classifications. For the twenty-first consecutive week municipal debt funds (ex-ETFs) experienced net inflows, $0.2 billion this time.

LIPPER WEEKLY U.S.FUND FLOWS VIDEO SERIES - AUGUST 15, 2012

Published on 17 Aug 2012, by Tom Roseen
Despite the sluggishness in the market, investors were net purchasers of fund assets and injected $11.2 billion into the funds business (including open-end funds and ETFs). However, as one might expect given the uncertainty of the equity market, equity funds witnessed $6.3 billion in net redemptions, while money market funds (+$13.5 billion), taxable bond funds (+$3.0 billion), and municipal bond funds (+$1.0 billion) experienced net inflows. For the second consecutive week equity ETFs suffered net redemptions and handed back some $4.4 billion. Just two funds accounted for the majority of outflows: the SPDR S&P 500 ETF (-$3.1 billion) and the iShares Russell 2000 Index (-$1.0 billion). Excluding ETFs, for the third week in four equity funds witnessed net redemptions (-$1.8 billion) as domestic equity funds suffered $2.0 billion in net redemptions and non-domestic equity funds took in a little less than $150 million. Investors’ predilection for dividend paying mutual funds (ex-ETFs) continued, as equity income funds attracted $159 million and real estate funds took in $122 million. Despite declining yields and ignoring the quasi-flight to safety toward week end, open-end fund investors injected $1.2 billion into corporate investment-grade debt funds, $464 million into corporate high-yield debt funds, and $360 million into government/mortgage funds. For the 18th consecutive week, municipal debt funds experienced net inflows, this time for $0.9 billion.Tom Roseen discusses Lipper's U.S. weekly fund flows.

LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES – JULY 25, 2012

Published on 27 Jul 2012, by Tom Roseen
Tom Roseen discusses Lipper's U.S. weekly fund flows in the following podcast. For the first week in three, equity funds, excluding ETFs, witnessed net redemptions, losing $2.1 billion, with domestic equity funds suffering $1.9 billion in net redemptions and non-domestic equity funds handing back a little more than $140 million (their first net redemptions in 17 weeks). Dividend paying mutual funds (ex-ETFs) attracted net new money, with equity income funds drawing $233 million and real estate funds taking in $103 million. Despite declining yields and ignoring the quasi-flight to safety toward week end, open-end fund investors injected $1.4 billion into corporate high-yield debt funds and $911 million into corporate investment-grade debt funds. For the fifteenth consecutive week, municipal debt funds experienced net inflows, taking in $0.8 million to their coffers.

Lipper 2012 Q2 Equity Mutual Fund Performance Review WebEx Replay

Published on 10 Jul 2012, by Tom Roseen
Global economic and political uncertainties, accompanied by softening U.S. economic data, played integral roles in equity fund performance in second quarter 2012. Equity funds (-5.20%) posted their first quarterly loss in three, with World Equity Funds (-7.17%) underperforming Lipper's other three broad equity macro-classifications. Investors appeared to focus on dividend payers and defensive issues, bidding up Dedicated Short-Bias Funds (+5.38%), Real Estate Funds (+3.39%), and Utility Funds (+2.53%). Tom highlights Q2 trends in this WebEx presentation.

Lipper Weekly U.S. Fund Flows Video Series - June 13, 2012

Published on 15 Jun 2012, by Tom Roseen
After sealing the best week of the year for the Dow Jones Industrial Average (up 3.6%) on Friday, markets continued their erratic behaviour. Investors cheered the decision by China to cut its interest rates in order to prop up its economy along with the news that first-time filers for jobless benefits in the U.S. declined to 377,000. However, the reality of Spain asking European officials for rescue funds for its troubled banking sector along with Greece's upcoming elections placed a pall over the market. Investors were net redeemers, removing $391 million from the fund business (including open-end funds and ETFs) for the week ended Wednesday, June 13, 2012. However, the entirety of net outflows were from money market funds (-$11.7 billion), while equity funds took in $9.8 billion, taxable bond fund coffers attracted $1.1 billion in net new money, and municipal debt funds attracted $0.4 billion. Tom Roseen discusses Lipper's U.S. weekly fund flows.

Lipper Weekly U.S. Fund Flows Video Series - May 30, 2012

Published on 01 Jun 2012, by Tom Roseen
Tom Roseen discusses Lipper's U.S. weekly fund flows. Despite Greece's on-again/off-again news about acceptance of austerity measures, bail out discussions for one of Spain's largest lenders--Bankia S.A., declining Treasury yields from a flight to safety by investors, and a shortened trading week because of observance of the Memorial Day Holiday in the U.S., investors were net purchasers of funds assets, injecting a net-$12.2 billion into open-end funds and ETFs for the week ended Wednesday, May 30, 2012. Even though many investors remained on the sidelines ahead of the holiday, equity funds took in $3.4 billion, money market funds attracted $6.4 billion, taxable bond funds garnered $1.9 billion in net new money, and municipal debt funds, attracted $0.4 billion.

Lipper Weekly U.S. Fund Flows Video Series - May 9, 2012

Published on 11 May 2012, by Tom Roseen
Tom Roseen discusses Lipper's U.S. weekly fund flows. During the week the Dow Jones Industrial Average suffered its longest consecutive losing streak (eight days) since August 2, 2011, as investors contemplated Spain's partial nationalization of its fourth largest lender, Greece's struggle to form a coalition government after citizens rejected pro-austerity candidates throughout Europe, and April payroll figures disappointed, climbing just 115,000 verses an expected 163,000. However, Investors padded the coffers of the fund industry (including ETFs and open-end funds), injecting a net $3.4 billion for the week ended Wednesday, May 9, 2012. Conservative asset classes were the recipients of investors' cash, with money market funds attracting $4.4 billion (its first inflow in 11 weeks), taxable bond funds taking in $4.6 billion, and municipal debt funds, for the third consecutive week, drawing in $0.9 billion, while equity funds suffered $6.5 billion in net redemptions.

Lipper Weekly U.S. Fund Flows Video Series - April 18, 2012

Published on 20 Apr 2012, by Tom Roseen
Tom Roseen reviews Lipper's U.S. weekly fund flows for the week ended April 18, 2012. Ahead of the April 17 tax filing deadline, investors were net redeemers of fund assets (including ETFs), redeeming a net $2.3 billion for the week ended April 18, 2012. However, excluding money market funds redemptions (-$8.0 billion, their eight consecutive week of outflows), investors appeared to shrug off disappointing growth rate figures from China, a drop in consumer sentiment in April, and hints of rising borrowing costs for Spain, redeeming just $0.2 billion from equity funds, while padding the coffers of taxable bonds funds (+$5.7 billion) and municipal bond funds (+$0.2 billion).

Lipper 2012 First Quarter Equity Mutual Fund Performance Review WebEx Replay

Published on 10 Apr 2012, by Tom Roseen
Equity Funds posted their best Q1 returns since Q1 1998, rising 11.97% for the quarter ended March 31, 2012. For the quarter, 81 of Lipper's 86 equity fund classifications posted positive returns. Investors put risk back in their portfolios. They bid up the prior quarter's laggards: India Region Funds (+22.63%), Science & Technology Funds (+20.26%), and Global Science & Technology Funds (+18.96%), while shunning Dedicated Short-Bias Funds (-16.31%), Commodities Specialty Funds (-2.06%), and Precious Metals Funds (-1.72%). Tom highlights Q1 trends in this WebEx presentation.

Lipper Weekly U.S. Fund Flows Video Series - March 28, 2012

Published on 30 Mar 2012, by Tom Roseen
After a spectacular run for the first quarter (with returns for the major indices ranging between 8.13% and 19.19%), investors pulled back slightly after hearing new home sales dipped 1.6% in February and global manufacturing data was weaker than expected, despite learning that jobless benefits declined to a four-year low last week. Many analysts believe the market is just taking a breather, and investors are taking some of their hard won profits off the table for spring break. Investors were net redeemers of fund assets for the week ended March 28, 2012, pulling out $10.0 billion from the funds business, including exchange-traded funds. Investors redeemed a net $2.6 billion from equity funds, while padding the coffers of taxable fixed income funds (+$4.4 billion) and tax-exempt bond funds (+$0.4 billion). However, for the fifth consecutive week, money market funds witnessed net outflows of $12.2 billion.

Lipper Weekly U.S. Fund Flows Video Series - February 29, 2012

Published on 02 Mar 2012, by Tom Roseen
Tom Roseen reviews Lipper's U.S. weekly fund flows for the week ended February 29, 2012. Despite lacklustre volume, investors were finally able to hold the Dow above 13,000 on Tuesday as the perception of the U.S. economy continued to improve. Although the index ended the week back below the coveted mark, mutual fund and ETFs investor seemed to share in the optimism as they injected $3.8 billion into the fund business. Overall, equity funds drew the majority of interest with net inflows of $7.5 billion. ETFs accounted for all the positive feelings as they posted gains of $7.7 billion—a stark comparison to their mutual fund brethren who continued to struggle with weekly outflows of $260 million. Taxable bond funds boasted their eleventh week of inflows with $3.0 billion as investors were once again split between investment grade funds (+$970 million) and High Yield (+$565 million) offerings. Municipal bond funds (+$357 million) posted net inflows for the week while money market funds pushed roughly $7.1 billion out their doors. Alternative asset classes also fared well as precious metal commodity funds drew in nearly $1.0 billion for the week—their largest weekly inflow since November 23, 2011.
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