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: 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.
   
Monthly Highlights: August 2014      9/15/2014
  Long-term fund types attracted $29 billion in August, lifting year-to-date net inflows to $319 billion. August saw a $15.3 billion net inflow to Equity products, attributable to a $15.1 billion net intake to International Equity funds. Flow-leading International Equity strategies included International Emerging Market Equity (+$2.7 billion), International Equity Alternative – Other (+$1.3 billion) and International Total Return (+$1.2 billion). Net flows to US Equity were light at +$200 million, but successful objectives in the space included Natural Resources (+$1 billion) and Income – Mixed (+$864 million). Demand for Bond funds in August persisted, with Taxable Bond funds attracting a net $10.3 billion and Tax-Free Bond fund flows totaling $3.4 billion. Flow-leading objectives among Bond funds included Corporate Bond General (+$3.1 billion), Government General (+$2.8 billion) and Government Intermediate Maturity (+$2.4 billion). Money Market fund net deposits totaled $34.9 billion in August.
   
Monthly Highlights: July 2014      8/15/2014
  Long-term fund types attracted $30 billion in July, lifting year-to-date net inflows to $293 billion. Aggregate net inflows to Equity funds in July totaled $18.2 billion, driven by a $15.2 billion inflow to International Equity funds. International Total Return (+$1.8 billion) and Emerging Market Equity (+$1.6 billion) were the objectives with the highest inflows in the asset class. US Equity fund inflows (+$3 billion) were driven by demand for income-oriented mutual funds (+$1.2 billion) as well as exchange-traded products. Short- and intermediate-term strategies led Julys $11.8 billion inflow to bond funds. Flow-leading taxable bond objectives included Corporate Bond General (+$5.3 billion) and Corporate Short Maturity (+$3.4 billion), while the $1.6 billion July inflow to Tax-Free Bond funds was driven by demand for Muni-Short funds (+$1.1 billion). Average cumulative return on equity funds was -2.1% for US Equity and -1.5% for International Equity. Taxable Bond funds’ average return was -0.4%, while Tax-Free Bond funds averaged a 0.1% return.
   
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.