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 2015      7/20/2015
  Net inflows to stock and bond mutual funds and exchange-traded products (ETPs) totaled $8.5 billion in June. Long-term mutual funds saw net outflows of $5.4 billion in aggregate during the month, while ETPs experienced roughly $14 billion of net deposits. Investor demand in June was led by International Equity offerings, which attracted just under $25 billion of net inflows in total across funds and ETPs (including $8.7 billion to actively managed strategies). Longer-term, the $170 billion deposited to International Equity funds and ETPs over the first half of 2015 represented the largest net inflows of any fund type by a wide margin. Within the U.S. Equity space, Health (including biotech) strategies once again led net inflows to actively managed funds during June, garnering $1.3 billion. Over the first half of 2015, such funds have attracted nearly $10 billion of net deposits (the largest of any active U.S. Equity objective) – spurred by the category’s 35% weighted-average total returns during the one-year period ended in June. Bond funds saw $10.2 billion of net outflows in aggregate during June, with Taxable Bond offerings accounting for $8.6 billion of net redemptions (including roughly $10 billion from active strategies). Corporate High Yield funds, in particular, experienced $7.7 billion of net outflows during the month.
   
Monthly Highlights: May 2015      6/14/2015
  Net inflows to stock and bond funds totaled $21.7 billion in May. Net intake to Equity funds in May totaled $14.7 billion, led by $25.9 billion of net intake to International Equity funds. US Equity funds saw monthly net outflows of $11.2 billion on outflows from actively managed mutual funds and relatively flat net subscription to passive funds. Bond funds netted $7 billion during the month, led by demand for intermediate-term US and global corporate bond funds. US Equity funds returned a weighted average +1.2% in May while International Equity and Bond funds ended the month slightly lower at -0.4% and -0.2%, respectively. Net subscriptions to Money Market funds totaled $30.6 billion in May.
   
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.