Monthly Highlights


Every month we provide a snapshot of fund industry results and developments, using the latest available data from Strategic Insight, which is released roughly three weeks after each month-end

Clients can select from the latest Highlights below or from the list of all Monthly Highlights.


Monthly Highlights: June 2014      7/16/2014
  Net investment to long-term fund types totaled to $47 billion in June; lifting year-to-date inflows to $266 billion. US Equity (+$19.0 billion) led inflows among fund types in June on strong aggregate demand for ETFs, and actively managed objective-specific demand for Natural Resources (+$2.2 billion) and Income Mixed (+$1.4 billion). International Equity (+$17.6 billion) saw another month of consistent net investment as allocations to International Total Return (+$2.5 billion) and International Emerging Market Equity (+$2.1 billion) expanded. Demand for Taxable Bond funds (+$7.9 billion) were led by active objectives Corporate Bond General (+$7.1 billion) and Global Bond General (+$2.7 billion) objectives in June. Tax-Free Bonds also experienced $2.4 billion of net investments during the month. Equity funds returned strong asset-weighted one-month returns despite periods of volatility in June, with US Equity returning 2.7% on the period and International Equity returning 1.6%.
   
Monthly Highlights: May 2014      6/13/2014
  Long-term funds netted $39.2 billion in May, lifting YTD intake to $215 billion. US Equity funds (-$2.0 billion) experienced their first aggregate net outflows since January, while International Equity (+$16.0 billion) saw another month of consistent net investment. Inflow leading strategies among active US equity managers in April were Natural Resources (+$1.8 billion) and Income Mixed (+$1.3 billion). International Total Return (+$1.8 billion) and Emerging Market Equity (+$1.8 billion) drove inflows to International Equity. Taxable Bond Fund flows (+$21 billion) were led by the Government Intermediate Maturity (+$5.3 billion), while Tax-Free Bond funds saw inflows of $4.1 billion in May, led by the Muni National High Yield (+$1.6 billion) objective.
   
Monthly Highlights: April 2014       5/16/2014
  Long-term funds netted $45.2 billion in April, bringing year-to-date intake to $176 billion. US Equity (+$13.2 billion) and International Equity (+$18.9 billion) saw another month of strong net flows. Inflow leading strategies among active US equity managers in April were Natural Resources (+$1.7 billion), Flexible US (+$1.1 billion), and Income – Mixed (+$1.1 billion). International Growth (+$2.6 billion) and Emerging Market Equity (+$1.6 billion) drove inflows to the International Equity space. Taxable bond fund flows (+$11.6 billion in aggregate) were led by the Corporate Bond General (+$5 billion) and Strategic Income (+$3 billion) objectives. Money market funds shed $57.6 billion in April, bringing year-to-date net redemptions to $147.6 billion.
   
Monthly Highlights: March 2014       4/18/2014
  Long-term funds netted $42.3 billion during March, bringing first quarter net intake to $131.9 billion. After strong one-month February returns, average US Equity fund returns were relatively flat in March (-0.1%). US Equity took in $18.8 billion in aggregate during March. Among active US equity strategies, Alternative Long/Short Opportunistic (+$1.7 billion), Natural Resources (+$1.6 billion), and Flexible (+$1.2 billion) objectives led monthly intake. International Equity funds netted $14.6 billion in March. International Growth (+$2.8 billion) and Global Asset Allocation (+$1.7 billion) objectives led active International Equity fund flows during the month. Taxable Bond funds attracted $7.1 billion in March, with Corporate Bond General (+$6.1 billion), Strategic Income (+$4.5 billion), and Corporate Floating Rate (+$1.9 billion) being the top-selling objectives. Money market funds shed $26 billion in March, bringing quarterly net redemptions to $90 billion.
   
Monthly Highlights: February 2014      3/18/2014
  Long-term funds netted $66 billion during February, increasing year-to-date net intake to $88 billion. After a volatile January, US Equity funds returned an average of 4.7% in February (+25% on a one-year basis). Actively managed US Equity mutual funds accounted for roughly half of the $23 billion total US Equity fund flows in February. Alternative, flexible and growth funds were among the top-selling actively managed US Equity objectives. International Equity funds returned 4.8% on average in February and attracted monthly intake of $16 billion, bringing year-to-date inflows to $35 billion. Investors deposited a net $26 billion into Taxable Bond funds in February, with a core focus on short maturity and short duration, strategic income, and floating-rate bond fund objectives. Money market funds shed $49 billion in February, increasing year-to-date net redemptions to $63 billion.