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: 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.
Monthly Fund Industry Review: January 2014      2/19/2014
  A global stock market pullback amid concerns about growth in China and political strains and economic vulnerabilities in some other emerging countries contributed to total returns for equity funds of minus 2.84% (asset-weighted average) in January. Aggregate flows into equity/hybrid funds and ETPs were subdued at $16 billion. Bond funds benefited from a flight to safety. Taxable bond funds returned +0.8% on average in January and garnered small positive flows of about $6 billion on a net basis. Municipal bond funds posted +2.1% returns and broke a nine-month long streak of net redemptions to record positive net flows of about $350 million in January.
Monthly Fund Industry Review: December 2013      1/21/2014
  Investors deposited a net $21 billion into stock/hybrid funds and ETPs during December, bringing full year intake to a record of more than $400 billion. We expect stock investors to remain engaged in 2014 and for a range of U.S. and international stock investment approaches to benefit. Bond fund net redemptions increased somewhat to $20 billion over the month but we expect demand to persist for bond funds positioned for a rising rate environment or those anchoring asset allocation programs.
Monthly Fund Industry Review: November 2013      12/20/2013
  Equity / hybrid mutual funds and ETPs brought in $43 billion in net flows in November, as US stock markets established new highs and developed markets ex-US advanced as well. Although US equity funds outperformed international/global equity funds in November, net new equity commitments by investors over the month were roughly evenly split between offerings oriented domestically and those investing ex-US or across the world. For the full year 2013, equity / hybrid vehicles are on track to surpass an unprecedented $450 billion in net flows. Bond funds experienced minor losses on average (-0.16% in November, asset-weighted) and their sixth consecutive month of net redemptions in aggregate, but the net outflow volume was modest at $13 billion, and represented just 0.3% of bond fund assets at the beginning of the month. Taxable bond funds net redeemed $9 billion in aggregate but investors continued to commit new capital to strategies positioned for a rising rate environment.