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FundFlows
May 13, 2013 |
Tom Roseen, Matthew Lemieux
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With Interest Waning, Investors Again Pad the Coffers of Both Equity and Fixed Income Funds in April
• For the tenth straight month mutual fund investors were net purchasers of fund assets in April. They padded the coffers of stock & mixed-asset funds and bond funds (+$27.6 billion and +$12.5 billion, respectively), while being net redeemers of money market funds (-$25.2 billion).
• For the first month in four the U.S. Diversified Equity Funds macro-group witnessed net outflows (-$2.8 billion), with large-cap funds (-$6.1 billion) witnessing their forty-seventh consecutive month of net redemptions.
• Exchange-traded funds (ETFs) posted their seventeenth consecutive month of net inflows at $9.6 billion, with $6.7 billion in net sales for fixed income offerings.
• Stock & mixed-asset ETFs reported net inflows of roughly $2.9 billion as aversion to gold-based products dragged the broader equity group down.
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FundFlows
Apr 12, 2013 |
Matthew Lemieux
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Investors Continue to Pad the Coffers of Both Equity and Fixed Income Funds in March
• For the ninth straight month mutual fund investors were net purchasers (barely) of fund assets in March. They padded the coffers of stock & mixed-asset funds and bond funds (+$42.3 billion and +$15.5 billion, respectively), while being net redeemers of money market funds, (-$57.6 billion).
• For the third consecutive month the U.S. Diversified Equity Funds macro-group experienced net inflows (+$3.9 billion). However, large-cap funds (-$5.2 billion) witnessed their forty-sixth consecutive month of net redemptions.
• Exchange-traded funds (ETFs) posted their sixteenth consecutive month of net inflows at $13.5 billion, with $9.0 billion in net sales for stock & mixed-asset offerings.
• Bond ETFs reported net inflows of roughly $4.4 billion as new sales included both risk-on and risk-off positions.
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FundFlows
Mar 18, 2013 |
Jeff Tjornehoj, Tom Roseen
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Fund Investors Remain Enamored With Equities but Still Pad the Coffers of Fixed Income Funds in February
• For the eighth straight month mutual fund investors were net purchasers of fund assets in February, padding the coffers of stock & mixed-asset funds and bond funds (+$45.4 billion and +$17.5 billion, respectively). Meanwhile, investors redeemed assets from money market funds, withdrawing a net $36.0 billion.
• For the second consecutive month the U.S. Diversified Equity Funds macro-group experienced net inflows (+$2.4 billion). However, large-cap funds (-$5.4 billion) witnessed their forty-fifth consecutive month of net redemptions.
• Exchange-traded funds (ETFs) posted their fifteenth consecutive month of net inflows at $8.1 billion, with $7.1 billion in net sales for stock & mixed-asset offerings.
• Bond ETFs reported net inflows of roughly $1.0 billion as investors moved toward lowering their interest rate exposure.
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FundFlows
Feb 14, 2013 |
Tom Roseen
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In January Equity Funds Experience Their Best Monthly Net Inflows in at Least Six Years
• For the seventh straight month mutual fund investors were net purchasers of fund assets in January, padding the coffers of bond funds and stock & mixed-asset funds (+$34.2 billion and +$62.2 billion--for their strongest monthly net inflows in at least six years), respectively. Meanwhile, investors redeemed assets from money market funds, withdrawing a net $4.8 billion.
• Breaking a 20-month losing streak, the U.S. Diversified Equity Funds macro-group experienced its first month of net inflows (+$14.1 billion--for its largest inflows since at least December 2006). Large-cap funds (-$0.4 billion) witnessed their forty-fourth consecutive month of net redemptions.
• Exchange-traded funds (ETFs) posted their fourteenth consecutive month of net inflows at $29.4 billion, with $28.3 billion in net sales for stock & mixed-asset offerings.
• Bond ETFs reported net inflows of $1.0 billion for January.
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FundFlows
Jan 17, 2013 |
Tom Roseen
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Despite Strong Equity Fund Returns in 2012, Investors Still Chase Bond Funds
• Mutual fund investors were net purchasers of fund assets for December, padding the coffers of bond funds and money market funds (+$10.6 billion and +$82.9 billion, respectively). Meanwhile, they redeemed assets from stock & mixed-asset funds, withdrawing a net $13.1 billion.
• The U.S. Diversified Equity Funds macro-group experienced its twentieth consecutive month of net redemptions (-$16.9 billion), with large-cap funds (-$13.4 billion) dragging down the group for the forty-third consecutive month.
• Exchange-traded funds (ETFs) posted their thirteenth consecutive month of net inflows at $26.4 billion, with $27.1 billion in net sales for stock & mixed-asset offerings.
• Bond ETFs (-$722 million) posted their first monthly outflow in 24 months as investors fled U.S. Treasury products.
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FundFlows
Dec 17, 2012 |
Matthew Lemieux
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Nervous Investors Redeem $14.1 Billion From Stock & Mixed-Asset Funds, but Inject $81.2 Billion Into the Conventional Funds Business Overall for November
• Mutual fund investors were net purchasers of fund assets for November, padding the coffers of bond funds and money market funds (+$25.7 billion and +$69.6 billion, respectively). Meanwhile, they redeemed assets from stock & mixed-asset funds, withdrawing a net $14.1 billion.
• The U.S. Diversified Equity Funds macro-group experienced its nineteenth consecutive month of net redemptions (-$14.4 billion), with large-cap funds (-$11.5 billion) dragging down the group for the forty-second consecutive month.
• Exchange-traded funds (ETFs) posted their twelfth consecutive month of net inflows at $13.8 billion, with $4.8 billion in net sales for fixed income offerings.
• Stock & mixed-asset ETFs posted net inflows of $9.0 billion as investors continued to allocate assets toward World Equity ETFs.
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FundFlows
Nov 16, 2012 |
Tom Roseen
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Risk-Averse Fund Investors Still Inject $30.5 Billion Into the Conventional Funds Business and $1.9 Billion Into ETFs for October
• Mutual fund investors were net purchasers of fund assets for October, padding the coffers of bond funds and stock & mixed-asset funds (+$34.2 billion and +$0.3 billion, respectively). Meanwhile, they redeemed assets from money market funds, withdrawing a net $4.0 billion.
• The U.S. Diversified Equity Funds macro-group experienced its eighteenth consecutive month of net redemptions (-$8.4 billion), with large-cap funds (-$6.9 billion) dragging down the group for the forty-first consecutive month.
• Exchange-traded funds (ETFs) posted their eleventh consecutive month of net inflows at $1.9 billion with $4.0 billion in net sales for fixed income offerings.
• Stock & mixed-asset ETFs post net outflows of $2.1 billion as investors continue to shun U.S. Diversified Equity ETFs in preference for World Equity ETFs and precious metals exposure.
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FundFlows
Oct 16, 2012 |
Tom Roseen
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Open-End Fund Investors Give Equities a Cold Shoulder, Withdrawing $9.1 Billion, While Padding the Coffers of Equity ETFs (+$30.6 Billion)
• Mutual fund investors were net purchasers of fund assets for September, padding the coffers of bond funds (injecting $31.9 billion into conventional bond funds), while turning a cold shoulder to stock & mixed-asset funds and money market funds--withdrawing a net $9.1 billion and $2.3 billion, respectively.
• The U.S. Diversified Equity Funds macro-group experienced its seventeenth consecutive month of net redemptions (-$13.7 billion), with large-cap funds (-$10.3 billion) dragging down the group for the fortieth consecutive month.
• ETFs posted their tenth consecutive month of net inflows at $33.3 billion--their largest monthly inflow since December 2008.
• After a lackluster August, stock & mixed-equity ETF investors came back in full force, injecting roughly $31.0 billion into the asset group. Interest was spread widely among domestic and nondomestic diversified equity products as well as in sector-specific offerings.
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FundFlows
Sep 19, 2012 |
Tom Roseen
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For the Second Month in a Row Investors Were Net Purchasers of Fund Assets—Injecting a Net $37.9 Billion Into the Conventional Funds Business for August
• Once again investors padded the coffers of bond funds and money market funds—injecting $32.4 billion and $6.8 billion, respectively, while turning a cold shoulder to stock & mixed-asset funds—withdrawing a net $1.3 billion.
• The U.S. Diversified Equity Funds macro-group experienced its sixteenth consecutive month of net redemptions (-$13.5 billion), with large-cap funds (-$10.3 billion) dragging down the group for the thirty-ninth consecutive month.
• Exchange-traded funds (ETFs) posted their ninth consecutive month of net inflows at $4.3 billion with $3.9 billion in net sales for fixed income offerings.
• Stock & mixed-asset ETFs post net inflows of $442 million as investors shun U.S. Diversified Equity ETFs in preference for World Equity ETFs and gold trusts.
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FundFlows
Aug 16, 2012 |
Tom Roseen
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Investors Inject $54.2 Billion Into the Conventional Funds Business for July—The Most Since January 2009
• For the second month in three investors were net purchasers of fund assets for July, adding $54.2 billion to the coffers of the conventional funds business. Investors injected a net $24.5 billion into bond funds, $29.0 billion into money market funds, and just $0.8 billion into stock & mixed-asset funds.
• For the fifteenth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $12.9 billion. Large-cap funds (-$12.0 billion) experienced their thirty-eighth consecutive month of net outflows.
• Exchange-traded funds (ETFs) posted their eighth consecutive month of net inflows at $15.8 billion with nearly $15.3 billion in net sales for equity offerings.
• For the eighteenth consecutive month bond ETFs (+$500 million for July) witnessed net purchases. General moves out of U.S. Treasury products tame the recently strong inflows.
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