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Net Inflows to Equity and Fixed Income Funds Were Not Enough to Overcome Money Market Fund Redemptions in February
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2/28/2010
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- At a slower pace investors injected cash into bond (+$25.5 billion) and stock & mixed-equity funds (+$11.5 billion) in February, while redeeming $74.4 billion from money market funds.
- Once again investors turned a cold shoulder to USDE Funds, redeeming $2.9 billion from the group, with large-cap funds (-$3.7 billion) cast as the pariah and Equity Market-Neutral Funds (+$1.0 billion) and Dedicated Short-Bias Funds (+$0.5 billion) the heroes of the macro-group.
- Despite a strengthening dollar, World Equity Funds (+$6.8 billion) attracted the largest net inflows of Lipper’s four equity macro-classifications.
- Intermediate Investment-Grade Debt Funds, taking in $5.6 billion for February, continued to attract the largest net inflows and led the taxable bond (nonmoney market) group for the fourteenth straight month.
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Despite Positive Inflows Into Both Equity and Fixed Income Funds, the Conventional Funds Business Hands Back $58.8 Billion for January
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1/31/2010
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- Investors injected cash into bond (+$26.9 billion) and stock & mixed-equity funds (+$24.5 billion) in January, while redeeming a whopping $110.1 billion from money market funds.
- Despite poor returns for the month, investors moved money into USDE Funds in January, adding a net $3.2 billion to the group, with the go-anywhere Multi-Cap Core Funds (+$1.7 billion) drawing in the largest net inflows for the macro-group.
- World Equity Funds (+$10.4 billion) attracted the largest net inflows of Lipper's four equity macro-classifications--its largest net inflows since October 2007.
- Commodities Funds, with net inflows of $1.0 billion, led the Sector Equity group for the thirteenth consecutive month.
- The Mixed-Equity Funds macro-group (+$8.6 billion) experienced its largest net inflows since May 2008, with the target horizon fund groups being the primary attractors of investors' assets.
- Unlike the impressive monthly inflows experienced by their mutual fund brethren, stock & mixed-equity ETFs (-$19.4 billion) took it on the chin in January.
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In December Investors Were Net Purchasers of Fund Assets, but for the Year the Conventional Funds Business Shed $82.7 Billion
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12/31/2009
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- Bond funds (+$24.6 billion) padded their coffers in December, while stock and mixed-equity funds (-$2.1 billion) and money market funds (-$7.7 billion) were in the red for the converntional funds business.
- However, ETFs experienced inflows for both major macro groups: bond ETFs garnered $3.4 billion while stock and mixed-equity ETFs attracted $21.3 billion.
- Investors continued to shun USDE Funds in December, redeeming a net $10.3 billion from the group. However, the other equity macro-groups caught investors' attention, drawing in a combined $8.2 billion.
- Mixed-Equity Funds (+$3.8 billion) attracted the largest net inflows of Lipper's four equity macro-classifications for the first month in four.
- A strengthening dollar and minor concerns over the extended run-up in world markets weighed marginally on World Equity Funds' flows, but the macro-group still attracted net inflows ($2.8 billion) for the ninth consecutive month.
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The Conventional Funds Business Sheds $10.8 Billion Overall, While ETFs Take Up the Slack
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11/30/2009
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- Stock and mixed-equity funds (+6.7 billion) and bond funds (+$34.4 billion) added to their coffers in November, while money market funds (-$51.9 billion) saw red for the tenth straight month.
- Investors once again turned a cold shoulder to USDE Funds in November, redeeming a net $8.1 billion from the group. However, the other equity macro-groups caught investors' attention, drawing in a combined $14.8 billion.
- World Equity Funds (+$8.0 billion) attracted the largest net inflows of Lipper's four equity macro-classifications for the second straight month.
- Commodities Funds, with net inflows of $1.1 billion, led the Sector Equity group for the eleventh month in a row.
- Mixed-Equity Funds, drawing in $5.5 billion, witnessed net inflows for the eighth consecutive month. Mixed-Asset Target Allocation Conservative Funds, with $1.0 billion, attracted the largest net inflows of the life cycle and life stage funds subgroup.
- Stock and mixed-equity ETFs (+$9.1 billion) and bond ETFs (+$2.8 billion) attracted net new money for November.
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The Conventional Funds Business Sees Another $12.8 Billion Fly Out the Door in October, but ETF Inflows Almost Close the Gap
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10/31/2009
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- Stock and mixed-equity funds (+12.9 billion) and bond funds (+$42.8 billion) padded their coffers in October, while money market funds (-$68.5 billion) handed back cash for the ninth consecutive month.
- Investors once again shunned USDE funds in October, redeeming a net $5.4 billion from the group. But they renewed their interest in the other equity macro-groups, adding a combined $18.4 billion to the other major equity macro-groups.
- World Equity Funds (+$9.2 billion) attracted the largest net flows of Lipper’s four equity macro-classifications.
- Commodities Funds, with net inflows of $1.3 billion, led the Sector Equity group for the tenth month in a row.
- Mixed-Equity Funds, drawing in $7.2 billion, witnessed net inflows for the seventh consecutive month in October. Mixed-Asset Target 2025 Funds, with $1.4 billion, attracted the largest net inflows of the life cycle and life stage funds subgroup.
- Stock and mixed-equity ETFs (+4.3 billion) and bond ETFs (+$3.0 billion) attracted net new money in October.
Please see our new ETF section in this report.
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September Money Market Fund Outflows Swamp the Inflows for Other Asset Classes
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9/30/2009
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- Stock and mixed-equity funds (+6.8 billion) and bond funds (+$48.3 billion—a new record) attracted net new money in September, while money market funds (-$119.7 billion—also a record) posted net outflows for the eighth consecutive month.
- Investors turned a cold shoulder to USDE funds, removing a net $6.5 billion from the group, but they injected a combined $13.3 billion into the other major equity macro-groups.
- For the month World Equity Funds (+$5.2 billion) drew in the second largest net flows of Lipper’s four equity macro-classifications.
- Commodities Funds, with net inflows of $923 million, led the Sector Equity group for the ninth consecutive month.
- For the sixth consecutive month Mixed-Equity Funds experienced net inflows in September, drawing in $6.9 billion. Mixed-Asset Target Allocation Conservative Funds attracted the largest inflows of the life cycle and life stage funds subgroup at $1.7 billion.
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August Sees Positive Inflows as Equity and Bond Fund Gains Overcome Money Market Fund Losses
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8/31/2009
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- Stock and mixed-equity funds (+15.0 billion) and bond funds (+$42.3 billion) attracted net new money in August, while money market funds (-$40.5 billion) posted net outflows for the seventh consecutive month.
- Investors found comfort in multi-cap funds (+1.7 billion), mid-cap funds (+$1.6 billion), and small-cap funds (+$2.0 billion), while large-cap funds saw net outflows of $4.7 billion.
- For the month World Equity Funds (+$5.4 billion) drew in the second largest flows of Lipper’s four equity macro-classifications.
- Commodities Funds, with net inflows of $627 million, led the Sector Equity group for the eighth consecutive month.
- For the fifth consecutive month Mixed-Equity Funds experienced net inflows in August, drawing in $8.0 billion. Mixed-Asset Target Allocation Moderate Funds attracted the largest inflows of the life cycle and life stage funds at $1.9 billion.
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Fund Flows Near Even for July
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7/31/2009
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- For the fourth consecutive month both stock & mixed-equity funds (+$14.6 billion) and bond funds (+$33.4 billion) attracted investor dollars in July, while money market funds (-$48.3 billion) handed back cash for the sixth month in a row.
- USDE Funds witnessed net redemptions (-$1.0 billion) for the first month in four. Investors continued to flee large-cap funds (-$3.3 billion), while turning their attention to small-cap funds (+$2.1 billion).
- For first time since May 2008 World Equity Funds (+$8.5 billion) attracted the largest net inflows of Lipper's four equity macro-classifications.
- For the fourth month in a row Mixed-Equity Funds witnessed net inflows in July, taking in $5.8 billion. Mixed-Asset Target Allocation Moderate Funds attracted the largest inflows of the life cycle and life stage funds at $1.3 billion.
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Equity and Bond Funds Continue to Draw Assets, While Money Market Funds See Their Largest Monthly Outflows on Record
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6/30/2009
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- Stock and mixed-equity funds (+12.0 billion) and bond funds (+$27.5 billion) attracted net new money in June, while money market funds (-$109.8 billion) posted their largest net outflows on record.
- Investors continued to find comfort in multi-cap funds, adding $3.0 billion to the group, while large-cap funds saw net outflows of $2.6 billion.
- For the month World Equity Funds (+$600 million) drew in the smallest flows of Lipper’s four equity macro-classifications.
- For the third consecutive month Mixed-Equity Funds experienced net inflows in June, drawing in $5.7 billion. Mixed-Asset Target Allocation Conservative Funds attracted the largest inflows of the life cycle and life stage funds at $1.1 billion.
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Investors Wade Deeper Into Investment Waters, Adding a Net $32.5 Billion to Fund Coffers in May
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5/31/2009
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- Stock & mixed-equity funds (+$23.2 billion) and bond funds (+$30.3 billion) attracted net new money in May, while investors withdrew some $21.0 billion from money market funds, giving May the second consecutive month of net inflows into the conventional funds business.
- Unsure which capitalization bet to make, investors preferred the comfort of the go-anywhere fund style of multi-cap funds over the other capitalization groups, adding $3.4 billion to the group.
- World Equity Funds attracted the smallest amount of net new money of Lipper's four major equity macro-groups, drawing in an estimated $1.2 billion net for the month.
- For the second consecutive month Mixed-Equity Funds experienced net inflows for May, drawing in $7.7 billion. Mixed-Asset Target Allocation Moderate Funds, taking in a net $1.9 billion, attracted the largest inflows of the life cycle and life stage funds group.
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