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: April 2015      5/18/2015
  Net new flows to stock and bond funds totaled $28 billion in April. Net investment to Equity funds totaled $14.4 billion during the month, driven by a $43.4 billion inflow to International Equity. Taxable Bond funds attracted $12.7 billion during the month on $4.3 billion of inflows to Global Bond products. US Equity funds shed $29.1 billion during the month with outflows originating from both active mutual funds and index ETFs alike. Average one-month April fund returns for International Equity strategies were strong at 3.6%. US Equity and Taxable Bond fund average returns were modest in April at 0.4% and 0.2%, respectively. Tax-Free Bond fund returns were lower on average, declining by 0.5%. Money Market fund net redemptions totaled $77.8 billion in April.
   
Monthly Highlights: March 2015      4/25/2015
  Net new investment to stock and bond funds totaled $49.4 billion in March. Net intake to Equity products totaled $40 billion during the month, driven by a $38.3 billion inflow to International Equity. Actively managed International Equity funds attracted $12.7 billion in March, led by demand for International Growth products (+$3.5 billion). Taxable Bond funds attracted $7.4 billion during the month on $4.8 billion of inflows to Global Bond funds. Average one-month fund returns were negative in March for International and US Equity funds at -1.1% and -0.8%, respectively. One-month average Bond fund returns were flat at 0.1% during the month. Money Market fund net redemptions totaled $27.1 billion in March.
   
Monthly Highlights: February 2015      3/12/2015
  Net new investment to stock and bond funds totaled $56.7 billion in February. Net intake to Equity products totaled $32.2 billion during the month, driven by a $23.1 billion inflow to International Equity. Actively managed International Equity funds attracted $6.9 billion in February, led by demand for Emerging Market Equity (+$1.3 billion). Taxable Bond funds attracted $30.8 billion during the month on $10.1 billion of inflows to Corporate High Yield products. One-month fund returns were led by US Equity, which returned an average asset-weighted 5.2% during the month. International Equity funds also fared well in February, returning an average 4.5%. Average Taxable Bond fund returns were flat at 0.1%, while Tax-Free Bond funds shed 0.9% during the month. Money Market fund net redemptions totaled $9.3 billion in February.
   
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.