Lipper Fund Flows Insight Reports

With Interest Waning, Investors Again Pad the Coffers of Both Equity and Fixed Income Funds in April

lipperclientservices@thomsonreuters.com — Mon, 13 May 2013 00:00:00 -0600

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.

Investors Continue to Pad the Coffers of Both Equity and Fixed Income Funds in March

Fri, 12 Apr 2013 00:00:00 -0600

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.

Fund Investors Remain Enamored With Equities but Still Pad the Coffers of Fixed Income Funds in February

Mon, 18 Mar 2013 00:00:00 -0600

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.

In January Equity Funds Experience Their Best Monthly Net Inflows in at Least Six Years

Thu, 14 Feb 2013 00:00:00 -0700

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.

Despite Strong Equity Fund Returns in 2012, Investors Still Chase Bond Funds

lipperclientservices@thomsonreuters.com — Thu, 17 Jan 2013 00:00:00 -0700

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.

Nervous Investors Redeem $14.1 Billion From Stock & Mixed-Asset Funds, but Inject $81.2 Billion Into the Conventional Funds Business Overall for November

Mon, 17 Dec 2012 00:00:00 -0700

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.

Risk-Averse Fund Investors Still Inject $30.5 Billion Into the Conventional Funds Business and $1.9 Billion Into ETFs for October

Fri, 16 Nov 2012 00:00:00 -0700

• 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.

Open-End Fund Investors Give Equities a Cold Shoulder, Withdrawing $9.1 Billion, While Padding the Coffers of Equity ETFs (+$30.6 Billion)

Tue, 16 Oct 2012 00:00:00 -0600

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.

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

Wed, 19 Sep 2012 00:00:00 -0600

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.

Investors Inject $54.2 Billion Into the Conventional Funds Business for July—The Most Since January 2009

Thu, 16 Aug 2012 00:00:00 -0600

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.

Despite Strong Equity Returns for June, Investors Were Net Redeemers, Withdrawing $27.8 Billion From the Conventional Funds Business

Wed, 18 Jul 2012 00:00:00 -0600

• For the third month in four investors were net redeemers of fund assets for June, removing $27.8 billion from the conventional funds business. Investors injected a net $13.4 billion into bond funds; however, they were net redeemers of money market funds (-$40.6 billion) and stock & mixed-asset funds (-$0.7 billion).

• For the fourteenth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $8.8 billion. Large-cap funds (-$7.3 billion) experienced their thirty-seventh consecutive month of net outflows.

• Exchange-traded funds (ETFs) posted their seventh consecutive month of net inflows at $10.4 billion with nearly $6.2 billion in net sales for equity offerings.

• For the eighteenth consecutive month bond ETFs (+$4.1 billion for June) witnessed net purchases.

In May Investors Pad the Coffers of Fixed Income and Money Market Funds, While Being Net Redeemers of Equity Funds

Tue, 19 Jun 2012 00:00:00 -0600

For the first month in three investors were net purchasers of fund assets for May, adding $18.0 billion to the conventional funds business. Investors injected a net $19.9 billion and $1.0 billion into bond funds and money market funds, respectively, but for the first month in six pulled money from stock & mixed-asset funds (-$3.0 billion).

For the thirteenth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $9.0 billion. Large-cap funds (-$6.8 billion) experienced their thirty-sixth consecutive month of net outflows.

Exchange-traded funds (ETFs) posted their sixth consecutive month of net inflows at $450 million despite nearly $8.0 billion in net redemptions for equity offerings.

Bond ETFs end May with their largest monthly net inflow on record—$8.5 billion.

Investors Continue to Inject Net New Money Into Equity and Fixed Income Funds in April, While Being Overall Net Redeemers From the Conventional Funds Business

Thu, 17 May 2012 00:00:00 -0600

For the second consecutive month, investors were net redeemers of fund assets, removing $0.8 billion from the conventional funds business for April. Investors injected a net $20.6 billion and $2.4 billion into bond funds and stock & mixed-asset funds, respectively, but that wasn’t enough to offset the possibly tax-related redemptions from money market funds (-$23.8 billion).

For the twelfth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $12.7 billion. Large-cap funds (-$ 6.8 billion) experienced their thirty-fifth consecutive month of outflows.

Overall, exchange-traded funds (ETFs) posted their fifth consecutive month of net inflows. Stock & Mixed Equity ETFs report net redemptions of $2.0 billion while Bond ETFs attract $4.3 billion in net inflows.

Sector Equity ETFs led all other equity macro-groups with $1.6 billion in net inflows.

Investors Withdraw $33.5 Billion Overall From the Conventional Funds Business in March but Pad the Coffers of Fixed Income and Stock & Mixed-Asset Funds

Wed, 18 Apr 2012 00:00:00 -0600

For the first month in five investors were net redeemers of fund assets, removing $33.5 billion from the conventional funds business for March. Investors injected a net $30.0 billion and $6.2 billion into bond funds and stock & mixed-asset funds, respectively, but it wasn’t enough to offset the possibly tax-related redemptions from money market funds (-$69.7 billion).

For the eleventh consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $9.7 billion. Large-cap funds (-$ 8.9 billion) experienced their seventeenth consecutive month of outflows.

For March exchange-traded funds (ETFs) posted net inflows of $10.3 billion. Stock & Mixed Equity ETFs ended the period with net inflows of $6.7 billion while Bonds ETFs added $3.6 billion to their accounts.

World Equity ETFs attracted $1.2 billion in net new assets, bolstered heavily by continued interest in Emerging Market offerings (+1.3 billion).

For February Conventional Equity Funds Attract Their Largest Net Inflows (+$22.5 Billion) in a Year, While Bond Funds Take in $30.9 Billion

Fri, 16 Mar 2012 00:00:00 -0600

For the fourth consecutive month investors, injecting $52.1 billion into the conventional funds business for February, were net purchasers of fund assets. Investors injected a net $30.9 billion and $22.5 billion into bond funds and stock & mixed-equity funds, respectively, while redeeming just $1.3 billion from money market funds.

For the tenth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $2.1 billion. Large-cap funds (-$6.4 billion) experienced their sixteenth consecutive month of outflows.

Exchange-traded funds (ETFs) post their third consecutive month of net inflows as investors allocate $9.1 billion in stock & mixed-equity ETFs and $3.3 billion in bond ETFs

Bolstered by investor interest in gold and energy trackers, Sector Equity ETFs report net inflows of $6.9 billion—the macro-group’s strongest monthly inflows since Feb ’09.

Investors Are Net Purchasers of Fund Assets for the Third Consecutive Month, Injecting $8.6 Billion Into Fund Coffers

Thu, 16 Feb 2012 00:00:00 -0700

For the third consecutive month investors, injecting $8.6 billion into the conventional funds business for January, were net purchasers of fund assets. Net inflows into bond funds (+$30.7 billion) and stock & mixed-equity funds (+$16.8 billion) easily offset the $38.9-billion redemptions from money market funds.

For the ninth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $1.8 billion (the macro-group’s smallest net redemptions since May 2001). Large-cap funds (-$6.4 billion) experienced their fifteenth consecutive month of outflows.

For January exchange-traded funds posted net inflows of $28.2 billion; their largest monthly inflow on record.

Emerging Market ETFs (+$4.7 billion) recorded their largest monthly inflow since October 2010 while flows into High Yield ETFs (+3.9 billion) dominated the bond space.

Investors Sit Pat in December, Injecting Only $18.4 Billion Net Into the Conventional Funds Business

Thu, 19 Jan 2012 00:00:00 -0700

For the second consecutive month investors, injecting $18.4 billion into the conventional funds business, were net purchasers of fund assets for December. Once again, net inflows for bond funds (+$9.3 billion) and money market funds (+$33.9 billion) easily offset the $24.8-billion redemptions from stock & mixed-equity funds.

For the eighth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $18.5 billion. Large-cap funds (-$11.0 billion) experienced their fourteenth consecutive month of outflows. Only three of Lipper’s 4x3-matrix fund classifications attracted net new money: Multi-Cap Core Funds (+$1.2 billion), Large-Cap Growth Funds (+$0.2 billion) and Small-Cap Growth Funds (+$0.2 billion).

For December stock & mixed equity ETFs posted net inflows of $10.2 billion while bond ETFs added $4.8 billion to their accounts.

The SPDR S&P 500 ETF (SPY) attracted net inflows of $8.4 billion while SPDR Gold Trust (GLD) suffered redemptions of $2.2 billion.

Investors Duck for Cover During November, but They Inject $53.3 Billion Net Into the Conventional Funds Business

Fri, 16 Dec 2011 00:00:00 -0700

For the first month in three investors, injecting $53.3 billion into the conventional funds business, were net purchasers of fund assets for November. Net inflows for bond funds (+$20.6 billion) and money market funds (+$54.9 billion) easily offset the $22.3-billion redemptions from stock & mixed-equity funds during the month.

For the seventh consecutive month investors were net redeemers of USDE Funds, pulling out $13.4 billion. Large-cap funds (-$10.1 billion) experienced their thirtieth consecutive month of outflows. Only one of Lipper’s 4x3-matrix fund classifications attracted net new money: Multi-Cap Core Funds (+$2.0 billion).

For November institutional investors once again made net purchases (+$2.7 billion) of World Equity Fund assets, while investors in loaded funds and no-load funds withdrew a net $3.8 billion and $2.7 billion, respectively.

For the third consecutive month bond funds (+$20.6 billion) witnessed net purchases, and for the first month in four money market funds saw net inflows (+$54.9 billion).

Despite Relatively Strong October Returns for Equity Funds, Investors Remain Net Redeemers of Fund Assets

Wed, 16 Nov 2011 00:00:00 -0700

For the second month in a row investors were net redeemers of fund assets for October, redeeming $20.2 billion from the conventional funds business. Net inflows from bond funds (+$11.3 billion) weren’t enough to offset the $10.9-billion and $20.5-bllion redemptions from stock & mixed-equity funds and money market funds during the month.

For the sixth consecutive month investors were net redeemers of USDE Funds, pulling out $17.9 billion. Large-cap funds (-$7.8 billion) experienced their twenty-ninth consecutive month of outflows. None of Lipper’s 4x3-matrix fund classifications attracted net new money.

For October institutional investors, bucking the trend, made net purchases (+$5.6 billion) of World Equity Fund assets, while investors in loaded funds and no-load funds withdrew a net $3.6 billion each.

For the second consecutive month bond funds (+$11.3 billion) witnessed net purchases, while money market funds saw their second month of net outflows (-$20.5 billion).

With the Large Increase in Market Volatility in September, Investors Become Net Redeemers of Fund Assets

Tue, 18 Oct 2011 00:00:00 -0600

For the third month in four investors were net redeemers of fund assets for September, removing $13.4 billion from the conventional funds business. Net inflows from bond funds (+$10.1 billion) weren’t enough to offset the $13.4-billion and $10.0-bllion redemptions from stock & mixed-equity funds and money market funds during the month.

For the fifth consecutive month investors were net redeemers of USDE Funds, pulling out $13.9 billion. Large-cap funds (-$8.2 billion) experienced their twenty-eighth consecutive month of outflows. None of Lipper’s 4x3-matrix fund classifications attracted net new money.

For September institutional investors made net purchases (+$6.0 billion) of World Equity Fund assets, while investors in loaded funds and no-load funds withdrew a net $2.1 billion and $14.4 million, respectively.

For the seventh month in eight bond funds (+$10.1 billion) witnessed net purchases, while money market funds saw their sixth month of net outflows (-$10.0 billion) in seven months.

Conventional Fund Flows Are Just on the Plus Side as Investors Move To Money Market Funds

Mon, 19 Sep 2011 00:00:00 -0600

For the first month in three investors were net purchasers of fund assets, injecting just $0.6 billion into the conventional funds business. Net outflows from stock & mixed-equity funds (-$54.4 billion) and bond funds (-$19.1 billion) almost matched the $74.2-billion injection into money market funds during the month.

For the fourth consecutive month investors were net redeemers of USDE Funds in August, pulling out $38.2 billion. Large-cap funds (-$17.6 billion) experienced their twenty-seventh consecutive month of outflows. Of Lipper’s 4x3-matrix fund classifications, only Multi-Cap Core Funds (+$0.4 billion) attracted net new money.

For August institutional investors were net redeemers (-$0.6 billion) of World Equity Fund assets, and investors in loaded funds and no-load funds withdrew a net $5.5 billion and $1.9 billion, respectively.

For the first month in seven bond funds (-$19.1 billion) witnessed net redemptions for August, while money market funds saw their first net inflows (+$74.2 billion) in six months.

Fund Investors Redeem $129.5 Billion as Congressional Leaders Deadlock on the Nation’s Debt Ceiling

Tue, 16 Aug 2011 00:00:00 -0600

For the second consecutive month investors were net redeemers of fund assets, withdrawing a record $129.5 billion from the conventional funds business. Outflows from stock & mixed-equity funds (-$31.2 billion) and money market funds (-$111.4 billion) overwhelmed the $13.1-billion injection into bond funds during the month.

For the third consecutive month investors were net redeemers of USDE Funds in July, pulling out $29.9 billion. Large-cap funds (-$13.4 billion) experienced their twenty-sixth consecutive month of outflows. None of the 4x3-matrix fund classifications attracted net new money.

Once again Institutional investors injected net new money (+$1.7 billion) into World Equity Funds (-$3.8 billion net), while investors in loaded funds and no-load funds redeemed $2.9 billion and $2.5 billion, respectively.

For the sixth consecutive month bond funds (+$13.1 billion) witnessed net purchases for July, while money market funds saw their fifth straight month of net redemptions (-$111.4 billion).

Nervous Investors Redeem $41.8 Billion From the Conventional Funds Business in June

Tue, 19 Jul 2011 00:00:00 -0600

For the first month in five investors were net redeemers of fund assets, withdrawing a net $41.8 billion from the conventional funds business. Flows from stock & mixed-equity funds (-$19.8 billion) and money market funds (-$43.1 billion) swamped the $21.2-billion injection into bond funds during the month.

For the second consecutive month investors were net redeemers of USDE Funds in June, pulling out $21.9 billion. Large-cap funds (-$11.1 billion) experienced their twenty-fifth consecutive month of outflows. Multi-Cap Core Funds (+$0.9 billion) attracted the largest inflows of the macro-group.

Institutional investors injected net new money (+4.3 billion) into World Equity Funds (+$0.2 billion net), while investors of loaded funds redeemed $3.0 billion.

For the fifth consecutive month bond funds (+$21.2 billion) witnessed net purchases for June.

Despite Economic Worries, Investors Inject a Net $28.3 Billion Into the Conventional Funds Business in May

Thu, 16 Jun 2011 00:00:00 -0600

For the fourth consecutive month investors were net purchasers of fund assets, injecting $28.3 billion into the conventional funds business. Flows into stock & mixed-equity funds (+$14.2 billion) and bond funds (+$20.8 billion) easily offset the $6.7-billion withdrawal from money market funds during the month.

USDE Funds investors became net redeemers in May, pulling out $1.1 billion. Large-cap funds (-$4.5 billion) experienced their twenty-fourth consecutive month of outflows. Once again Equity Income Funds (+$1.7 billion) attracted the largest inflows of the macro-group.

Institutional investors (+$7.0 billion) injected net new money into World Equity Funds (+$5.7 billion net), while investors of loaded funds redeemed $2.0 billion.

For the second month in a row Mixed-Equity Funds (+$10.5 billion) attracted the largest inflows of the four equity macro-groups.

For the fourth consecutive month bond funds (+$20.8 billion) witnessed net purchases in May.

Investors Inject Net New Money Into the Conventional Funds Business for the Third Consecutive Month

Tue, 17 May 2011 00:00:00 -0600

For the third consecutive month investors were net purchasers of fund assets, injecting $27.3 billion into the conventional funds business. Flows into stock & mixed-equity funds (+$20.7 billion) and bond funds (+$13.8 billion) easily offset the $7.2-billion withdrawal from money market funds during the month.

For the third month in four the USDE Funds macro-group (+$0.5 billion) witnessed net inflows. Large-cap funds (-$4.8 billion) experienced their twenty-third consecutive month of outflows. Once again Equity Income Funds (+$1.6 billion) attracted the largest inflows of the macro-group.

Institutional investors (+$9.9 billion) injected net new money into World Equity Funds (+$6.6 billion net), while no-load fund and loaded fund investors redeemed $1.6 billion and $1.7 billion, respectively.

For the third consecutive month bond funds (+$13.8 billion) witnessed net purchases in April.

Despite Continuing Geopolitical Concerns, Investors Remain Net Purchasers of Fund Assets in March

Mon, 18 Apr 2011 00:00:00 -0600

For the second consecutive month investors were net purchasers of fund assets, injecting $13.4 into the conventional funds business. Flows into stock & mixed-equity funds (+$20.9 billion) and bond funds (+$7.4 billion) outweighed the $14.9-billion withdrawal from money market funds during the month.

For the first month in three the USDE Funds macro-group (-$3.9 billion) suffered net redemptions. Large-Cap Core Funds (-$6.5 billion), Large-Cap Value Funds (-$1.6 billion), and Mid-Cap Growth Funds (-$0.6 billion) witnessed the only outflows for Lipper’s 4x3 matrix classifications.

Institutional investors (+$9.5 billion) added the majority of the new money to World Equity Funds (+$10.5 billion net), while no-load fund investors injected $1.6 billion and load investors redeemed some $0.5 billion.

For the second month in a row fixed income funds (+$7.4 billion) witnessed net purchases during the month.

All Three Broad-Based Asset Classes Attract Net Inflows for February

Wed, 16 Mar 2011 00:00:00 -0600

For the first month in 26 all three broad-based asset classes took in new money, with stock & mixed-equity funds drawing in $31.0 billion net, bond funds attracting $7.5 billion, and money market funds taking in $15.1 billion.

For the second month in a row the USDE Funds macro-group (+$7.4 billion) experienced net inflows, with Large-Cap Growth Funds (+$1.5 billion) and Equity Income Funds (+$2.0 billion) witnessing the largest inflows of the USDE macro-group.

Institutional investors (+$6.2 billion) added all of the new money to World Equity Funds (+$5.4 billion net), while no-load fund investors withdrew $0.1 billion and load investors took out some $0.7 billion for February.

For the first month in four fixed income funds (+$7.5 billion) witnessed net purchases during the month.

For the Third Consecutive Month Investors Keep Focus on Equity Funds

Wed, 16 Feb 2011 00:00:00 -0700

For the second month running investors were net redeemers of fund assets. Monthly inflows into stock & mixed-equity funds (+$44.7 billion, their largest since April 2007) were overwhelmed by the third monthly outflows from bond funds (-$2.1 billion) and the first monthly net outflows in three months from money market funds (-$87.5 billion)

For the first month in nine the USDE Funds macro-group (+$13.1 billion) witnessed net inflows, with Small-Cap Core Funds (+$2.7 billion) and Equity Income Funds (+$2.0 billion) witnessing the largest net inflows of the USDE macro-group.

Institutional investors (+$9.9 billion) added the majority of net new money to World Equity Funds (+$11.7 billion net), while no-load fund investors injected $0.5 billion and load investors added $1.3 billion for January.

For the third month in a row fixed income funds (-$2.1 billion) experienced net redemptions for January.

For the Second Consecutive Month Investors Are Net Redeemers of Fixed Income Funds

Tue, 18 Jan 2011 00:00:00 -0700

For the first month in three investors were net redeemers of fund assets. Inflows into money market funds (+$3.3 billion) and stock & mixed-equity funds (+$11.1 billion) weren't nearly enough to overcome the second monthly outflows from bond funds (-$25.2 billion).

For the eighth consecutive month the USDE Funds macro-group (-$10.9 billion) suffered net redemptions, with multi-cap funds (-$7.8 billion) witnessing the largest net outflows of the USDE macro-group.

Institutional investors (+$9.3 billion) added the majority of net new money to World Equity Funds (+$12.5 billion net), while no-load fund investors injected $4.4 billion and load investors redeemed $1.1 billion for December.

For the second month in a row fixed income funds (-$25.2 billion) experienced net redemptions for December.

For December the Money Market Funds macro-group (+$3.3 billion) managed to stay in the black.

For the First Month in 23 Investors Are Net Redeemers of Fixed Income Funds

Thu, 16 Dec 2010 00:00:00 -0700

For the second month in a row investors were net purchasers of fund assets in general; inflows into money market funds (+$30.2 billion) and stock & mixed-equity funds (+$15.3 billion) easily outweighed the first monthly outflows (-$1.9 billion) since December 2008 from bond funds.

For the seventh consecutive month the USDE Funds macro-group (-$4.3 billion) suffered net redemptions, with large-cap funds (-$6.8 billion) witnessing net outflows for the eighteenth consecutive month.

Institutional investors (+$5.8 billion) added the lion’s share of net new money to World Equity Funds (+$6.6 billion net), while no-load and load fund investors injected $0.6 billion and $0.2 billion, respectively, for November.

Taxable bond funds attracted a net $6.0 billion for November, while municipal bond funds handed back $7.9 billion.

In November the Money Market Funds macro-group (+$30.2 billion) took in its largest net inflows since January 2009.

The Conventional Funds Business Attracts $24.8 Billion of Net New Money in October

Tue, 16 Nov 2010 00:00:00 -0700

For the fourth month in five investors were net purchasers of fund assets; inflows into bond funds (+$21.3 billion) and stock & mixed-equity funds (+$12.3 billion) easily outweighed the outflows from money market funds (-$8.8 billion).

For the sixth month in a row the USDE Funds macro-group (-$6.1 billion) suffered net redemptions, with large-cap funds (-$7.2 billion) witnessing net outflows for the seventeenth consecutive month.

Institutional investors (+$11.2 billion) added cash to World Equity Funds (+$10.0 billion net), while load and no-load fund investors collectively redeemed $0.8 billion and $0.5 billion, respectively, for October.

Intermediate Investment-Grade Debt Funds, taking in $3.4 billion for October, attracted the largest inflows in the bond fund macro-group for the fourth month running.

The Money Market Funds macro-group witnessed in October its second consecutive month of net outflows (-$8.8 billion).

Equity and Bond Funds Attract Net Flows for September, but the Conventional Funds Business Still Sees $6.9 Billion Leave Its Doors

Mon, 18 Oct 2010 00:00:00 -0600

For the first month in four investors were net redeemers of fund assets; bond funds (+$25.4 billion) and stock & mixed equity funds (+$3.7 billion) couldn’t make up for the outflows from money market funds (-$35.9 billion).

For the fifth month in a row the USDE Funds macro-group (-$10.7 billion) suffered net redemptions, with large-cap funds (-$7.0 billion) witnessing net outflows for the sixteenth consecutive month.

Institutional (+$5.6 billion) and no-load (+$2.0 billion) investors added cash to World Equity Funds (+$6.5 billion net), while load fund investors collectively redeemed $1.1 billion for September.

Intermediate Investment-Grade Debt Funds, taking in $5.7 billion for September, attracted the largest inflows in the bond fund macro-group for the third month running.

The Money Market Funds macro-group witnessed its first monthly net outflows (-$35.9 billion) in three months.

Investors Inject $46.8 Billion Into the Conventional Funds Business for August, but Equity Funds Continue to See an Exodus

Fri, 17 Sep 2010 00:00:00 -0600

For the third consecutive month investors were net purchasers of fund assets, with bond funds (+$31.1 billion) and money market funds (+$20.7 billion) more than compensating for the outflows from stock & mixed-equity funds (-$5.0 billion).

For the fourth month in a row the USDE Funds macro-group (-$10.5 billion) suffered net redemptions, with large-cap funds (-$7.4 billion) witnessing net outflows for the fifteenth consecutive month.

For the second month in a row institutional investors (+$5.1 billion) added cash to World Equity Funds (+$1.4 billion net), while load- and no-load fund investors collectively redeemed $3.7 billion for August.

Intermediate Investment-Grade Debt Funds, taking in $8.4 billion for August, attracted the largest inflows for the second month running in the bond fund macro-group.

The Money Market Funds macro-group witnessed its second monthly net inflows (+20.7 billion) in 19 months.

The Conventional Funds Business Attracts $31.1 Billion for July, But Equity Investors Head for the Door

Sat, 31 Jul 2010 00:00:00 -0600

For the second month in a row investors were net purchasers of fund assets, with bond funds (+$26.5 billion) and money market funds (+$6.6 billion) offsetting the outflows from stock & mixed-equity funds (-$2.1 billion).

For the third month running the USDE Funds macro-group (-$8.6 billion) suffered net redemptions, with large-cap funds (-$4.5 billion) witnessing net outflows for the fourteenth consecutive month.

For the second month in a row institutional investors (+$6.4 billion) added cash to World Equity Funds (+$1.7 billion net), while load- and no-load fund investors collectively redeemed $4.7 billion for July.

Intermediate Investment-Grade Debt Funds, taking in $6.2 billion for July, elbowed its way back to the fixed income flows lead, pushing Short Investment-Grade Debt Funds (+$2.6 billion) to the runner-up position.

The Money Market Funds macro-group witnessed its first monthly net inflows (+6.6 billion) in 18 months.

For the First Month in Seven Investors Were Net Purchasers of Fund Assets, Adding a Net $3.3 Billion for June

Wed, 30 Jun 2010 00:00:00 -0600

For the first month since December 2009 investors were net purchasers of fund assets, with stock & mixed-equity funds (+$11.0 billion) and bond funds (+$18.6 billion) collectively offsetting outflows from money market funds (-$26.3 billion).

For the second consecutive month the USDE Funds macro-group (-$3.1 billion) suffered net redemptions, with large-cap funds (-$4.9 billion) witnessing net outflows for the thirteenth month in a row.

Institutional Investors (+$6.8 billion) padded the coffers of World Equity Funds (+$3.1 billion), while load- and no-load fund investors collectively redeemed $3.7 billion for June.

Short Investment-Grade Debt Funds, taking in $2.6 billion for June, pushed the old favorite, Intermediate Investment-Grade Debt Funds (+$2.3 billion), to the runner-up position for the first time in 18 months.

Investors Duck for Cover, Withdrawing $47.2 Billion From the Conventional Funds Business in May

Mon, 31 May 2010 00:00:00 -0600

For the first month since February 2009, equity investors pulled more money from stock & mixed-equity funds (-$31.3 billion) than they did from money market funds (-$18.2 billion). They continued to pad (albeit to a lesser extent) the coffers of bond funds (+$2.3 billion).

The USDE Funds macro-group (-$21.7 billion) handed back its largest monthly net redemptions since October 2008. However, the alternative asset classes in the group drew in about $2.3 billion net for the month.

Concerns about Chinese inflation and sovereign debt woes along with a strengthening dollar drove World Equity Funds (-$6.7 billion) to its first net outflows in 14 months.

Intermediate Investment-Grade Debt Funds, taking in $5.3 billion for May, continued to attract the largest net inflows in the taxable bond (nonmoney market) fund group for the seventeenth straight month.

Equity Funds Outdraw Bond Funds for the First Month Since April 2009

Fri, 30 Apr 2010 00:00:00 -0600

Investors redeemed a net $123.5 billion from money market funds in April but continued to pad the coffers of both bond funds (+$24.4 billion) and stock & mixed-equity funds (+$31.4 billion).

For the second month in a row investors injected cash into USDE Funds, adding some $5.1 billion to the group. Large-cap funds (-$3.8 billion) suffered the largest net redemptions of Lipper’s 4x3-matrix group.

Despite a rekindling of sovereign debt concerns and a strengthening dollar, World Equity Funds (+$11.6 billion) attracted the largest net inflows of Lipper’s four equity macro-classifications.

Intermediate Investment-Grade Debt Funds, taking in $7.8 billion for April, continued to attract the largest net inflows and led the taxable bond (nonmoney market) fund group for the sixteenth straight month.

Money Market Funds See Record Redemptions in March, but Equity and Bond Funds Attract Net New Money

Wed, 31 Mar 2010 00:00:00 -0600

Investors withdrew a record-$149.4 billion from money market funds in March but fed the coffers of both bond funds (+$36.0 billion) and stock & mixed-equity funds (+$27.5 billion).

Investors warmed to USDE Funds for the second month in three, adding some $2.7 billion to the group, with large-cap funds (-$4.4 billion) suffering the only net redemptions of Lipper’s 4x3-matrix group.

With investors ignoring a seemingly frothy market abroad and a strengthening dollar, World Equity Funds (+$11.2 billion) attracted the largest net inflows of Lipper’s four equity macro-classifications.

Intermediate Investment-Grade Debt Funds, taking in $9.6 billion for March, continued to attract the largest net inflows and led the taxable bond (nonmoney market) fund group for the fifteenth straight month.

Net Inflows to Equity and Fixed Income Funds Were Not Enough to Overcome Money Market Fund Redemptions in February

Sun, 28 Feb 2010 00:00:00 -0700

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.

Despite Positive Inflows Into Both Equity and Fixed Income Funds, the Conventional Funds Business Hands Back $58.8 Billion for January

Sun, 31 Jan 2010 00:00:00 -0700

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.

In December Investors Were Net Purchasers of Fund Assets, but for the Year the Conventional Funds Business Shed $82.7 Billion

Thu, 31 Dec 2009 00:00:00 -0700

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.

The Conventional Funds Business Sheds $10.8 Billion Overall, While ETFs Take Up the Slack

Mon, 30 Nov 2009 00:00:00 -0700

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.

The Conventional Funds Business Sees Another $12.8 Billion Fly Out the Door in October, but ETF Inflows Almost Close the Gap

Sat, 31 Oct 2009 00:00:00 -0600

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.

September Money Market Fund Outflows Swamp the Inflows for Other Asset Classes

Wed, 30 Sep 2009 00:00:00 -0600

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.

August Sees Positive Inflows as Equity and Bond Fund Gains Overcome Money Market Fund Losses

lipperclientservices@thomsonreuters.com — Mon, 31 Aug 2009 00:00:00 -0600

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.

Fund Flows Near Even for July

lipperclientservices@thomsonreuters.com — Fri, 31 Jul 2009 00:00:00 -0600

- 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.

Equity and Bond Funds Continue to Draw Assets, While Money Market Funds See Their Largest Monthly Outflows on Record

lipperclientservices@thomsonreuters.com — Tue, 30 Jun 2009 00:00:00 -0600

- 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.

Investors Wade Deeper Into Investment Waters, Adding a Net $32.5 Billion to Fund Coffers in May

lipperclientservices@thomsonreuters.com — Sun, 31 May 2009 00:00:00 -0600

- 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.

Q1 2009: Outflows Ebb Amid Early Signs of Improving Conditions

lipperclientservices@thomsonreuters.com — Tue, 19 May 2009 00:00:00 -0600

- The Singapore unit trust market registered net outflows of S$122 million for first quarter 2009, marking a slowdown in the pace of negative flows after the record outflows of S$1.52 billion seen in the previous quarter.

- All asset types experienced net outflows. The asset type showing the highest net outflows was bond unit trusts, with S$39.2 million of net redemptions—but down from the Q4 2008 peak of S$629.9 million of net outflows.

- That said, inflows into bond and money market funds continued to exceed those into funds allocated to other asset classes. In the three months under review bond products saw total inflows to the tune of S$545.7 million, with another S$539.0 million going into money market products; these figures contrast with total inflows of S$829.4 million and S$715.7 million, respectively, during the previous quarter.

- Mixed-asset funds—after a rough fourth quarter 2008, when inflows of S$160.6 million were negated by nearly twice that amount of outflows—saw a marginal reduction of S$34 million in total assets by the end of first quarter 2009.

- Among the other asset classes positive net flows in the commodities (+S$8.92 million) and absolute return (+S$2.06 million) spaces were cancelled by net money outflows for guaranteed (-S$9.62 million) and protected (-S$6.26 million) funds and hedged/diversified products (-S$7.09 million).

Investors Add to Both Equity and Bond Funds, but Withdraw Cash from Money Market Funds in April

lipperclientservices@thomsonreuters.com — Thu, 30 Apr 2009 00:00:00 -0600

- The stock and mixed-equity funds (+23.1 billion) and bond funds (+$23.0 billion) macro-classifications attracted net new money in April, while money market funds (-$23.0 billion) suffered through their third consecutive net redemption in April.

- Breaking a 20-month outflow trend, large-cap funds (+$2.5 billion) became the main capitalization attractor of the U.S. Diversified Equity group, while value-oriented funds (+$3.6 billion) recaptured the attention of investors.

- For the month Sector Equity Funds (+$2.2 billion net) drew in the smallest flows of Lipper's four equity macro-classifications.

- For the first month in three Mixed-Equity Funds experienced net inflows in April, drawing in $7.0 billion. April net flows into the primarily broker-recommended mixed-asset target allocation funds jumped to the head of the class, attracting some $3.2 billion and improving considerably from March's $5.9-billion net outflows.