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: January 2015      2/16/2015
  Net new investment in stock and bond funds totaled $31 billion in January. Net intake to Equity products totaled $10 billion, led by a $13 billion inflow to International Equity. Sectors with highest January flows among actively managed Equity mutual funds included Health (+$2.0 billion), International Total Return (+$1.4 billion), and Balanced (+$1.2 billion). Top Bond fund flow objectives during the month included Corporate Bond General (+$6.9 billion), Corporate High Quality (+$3.4 billion) and Corporate High Yield ($3.3 billion). One-month average asset weighted total return for US Equity products in January was -2.1%, while International Equity funds ended the month slightly higher at 0.4%. Falling interest rates helped Taxable and Tax-Free Bond funds to produce positive average one-month returns of 1.3% and 1.7%, respectively. Money Market fund net redemptions totaled $47.1 billion in January.
   
Monthly Highlights: December 2014      1/15/2015
  Annual net intake into long-term funds was $402 billion in 2014. Equities captured nearly $300 billion of net intake in 2014, down from the prior year’s inflows of $450 billion. Aggregate net flows to long-term stock and bond funds in December were flat, as $16.4 billion of net inflows to Equity products were offset by $16.7 billion of net redemptions from Bond funds. Net intake to Equity products totaled $16.4 billion in December, led by a $25.8 billion inflow to US Equity. Among US Equity funds, demand continued to prevail for exchange-traded products which attracted a net $43.7 billion in December, lifting 2014 net intake to $134 billion. Taxable Bond fund outflows totaled $21.3 billion in December, however the funds ended 2014 with $79.9 billion of net intake on the year. Weighted average fund returns were negative in December for both US Equity and International Equity funds, at -0.2% and -3.1%, respectively. Taxable Bond fund average returns were also slightly lower -0.6%, while Tax-Free offerings returned +0.6% on the month. US Equity led broad asset class average fund returns on the year at +10.1%. Money Market fund net deposits totaled $86.4 billion in December.
   
Monthly Highlights: November 2014      12/12/2014
  Net new investment in stock and bond funds was strong in November, with inflows totaling $52.7 billion. Net intake to Equity products totaled $34 billion in November, led by a $23 billion inflow to US Equity. Among equity vehicles, demand prevailed for exchange traded products which attracted a net $36 billion. Inflows to Bond funds totaled $18.7 billion, led by demand for Corporate Bond General (+$8.2 billion), Corporate High Quality (+$3.8 billion), and Corporate High Yield (+$3.5 billion) funds. Average one-month returns of stock and bond funds were positive across broad asset classes in November, led by a 1.9% return on US Equity. International Equity strategies returned an average 0.9% in November, while Bond funds ended the month slightly higher at 0.3%.
   
Monthly Highlights: October 2014      11/17/2014
  Long-term fund type net inflows totaled $29.6 billion in October. Net intake to Equity products totaled $16.8 billion in October, led by a $20 billion inflow to US Equity. October was the first month of 2014 which saw outflows from International Equity funds, but net redemptions were limited to $3.2 billion. Bond funds attracted $12.9 billion during the month, on inflows to Corporate Bond General ($12.5 billion), Government Short Maturity (+$6.5 billion) and Corporate High Quality (+$6.1 billion). Despite global economic concerns of slowing growth, average Equity fund returns ended the month higher in October. US Equity funds returned 2.4%, while International Equity fund returns were flat on average at 0.2%. Taxable and Tax-Free Bond fund returns were also positive at 0.7% and 0.6%, respectively.
   
Monthly Highlights: September 2014      10/15/2014
  Long-term fund type net outflows totaled $900 million in September. Net intake to Equity products totaled $18.8 billion in September. Demand for International Equity funds persisted during the month, attracting $13 billion. US Equity funds attracted $5.8 billion in September on continued demand for Natural Resources (+$2.1 billion) and Income-Mixed (+$1 billion). Outflows from long-term fund types were the result of a $23.1 billion aggregate net outflow from Taxable Bond funds during the month. Objectives Corporate Intermediate Maturity (-$21.4 billion) and Corporate High Yield (-$6.7 billion) drove outflows from the asset class. Tax-Free Bond funds experienced net inflows totaling $3.4 billion. Equity funds experienced negative one-month returns in September, as growth concerns in the ex-US markets produced a -4.1% average return for International Equity funds during the month. US Equity funds ended September lower, recording a -2.4% average one-month return. Taxable Bond funds were also negative at -1.0% during the month, while Tax-Free Bond funds ended the month slightly higher with an average 0.2% return.