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: May 2016      6/15/2016
  Net new investment to long-term mutual funds and ETFs totaled $2.9 billion in May, lifting year-to-date net deposits to $72 billion. Monthly net redemptions from US Equity totaled $10.7 billion, as outflow pressures from active large-cap and growth oriented strategies continued. Among active funds capturing new investment in May, Hybrid strategies collected a net $695 million during the month, while Natural Resources (+$315 million) and Real Estate (+$249 million) led inflows to active sector-specific offerings. International/Global Equity funds experienced $7.8 billion of net outflows during the month. International Equity Alternatives led inflows among active funds in the space. Bond funds drove inflows to the industry in May on positive net demand for both Taxable (+$13.2 billion) and Tax-Free products (+$8.2 billion). Active Taxable Bond funds added $5.6 billion in May, while index Taxable Bond funds and ETFs added $7.6 billion. Active taxable short & intermediate-term strategies netted $5.2 billion on the month. Monthly net deposits to Money-Market funds totaled $1.7 billion.
   
Monthly Highlights: April 2016      5/16/2016
  Net new investment to long-term mutual funds and ETFs totaled $15.2 billion in April. Bond funds captured $27.4 billion of net inflows. Equity funds experienced net redemptions of $12.2 billion. Active US and International/Global Equity funds saw outflows in April totaling $26.5 billion, while index Equity added new investment totaling $14.3 billion. Net outflows from active funds were driven by redemptions from large capitalization growth-oriented strategies. Passive US and Foreign Large Blend were inflow segments of the market in April. Among Bond funds, active and passive strategies attracted new investment totaling $17.6 billion and $9.7 billion, respectively. Top-inflow objectives in the space included Corporate Bond General (+$10.2 billion), Corporate Intermediate Maturity (+$6.6 billion), and Corporate High Quality (+$1.1 billion). Net redemptions from Money-Market funds during the month totaled $35.8 billion.
   
Monthly Highlights: March 2016      4/13/2016
  Net deposits to long-term mutual funds and ETFs totaled $46.7 billion in March, lifting quarterly long-term non-VA 40 Act fund flows to +$54.3 billion. Passive funds continued to drive inflows, attracting $47.4 billion during the month and totaling $83.4 billion on the quarter. US Equity funds netted $7.4 billion during March, ending the month in positive net flow territory for the second time in the trailing twelve months. Outflows from active US Equity persisted, totaling $13.6 billion in March. International Equity funds netted $2.6 billion on demand for index ETFs and mutual funds; passive emerging market stock funds attracted $5.8 billion during the month. Among broad asset classes, Taxable Bond funds led monthly net inflows, collecting $31.1 billion on strong demand for both active and passive corporate bond exposure. Municipal Bond funds continued to see steady positive net investment, attracting $5.6 billion during the month and lifting quarterly net inflows to $16 billion. As of March, net new investment to bond funds year-to-date totals $55.7 billion. Monthly net redemptions from money-market funds totaled $13.4 billion.
   
Monthly Highlights: February 2016      3/15/2016
  Net new investment to long-term mutual funds and ETFs totaled $16.1 billion in February. Demand for index funds persisted, as passive stock and bond funds netted $19.9 billion. Net outflows from active funds totaled $3.9 billion during the month. Equity funds attracted $1.2 billion in February on $4.7 billion of net inflows to International/Global funds. Active International Equity mutual funds netted $6 billion during the month, led by diversified ex-US equity funds. Large-capitalization US stock strategies continued to drive aggregate net outflows from active US Equity funds. Among passive Equity products, high-inflow strategies during the month included diversified US Equity Growth & Income funds (+$5.9 billion) and Gold ETFs (+$5.2 billion). Monthly net investment to Bond funds totaled $14.9 billion. Taxable Bond funds netted $9.5 billion, driven by $12.8 billion of net inflows to index funds. Top-inflow objectives in February included Corporate Intermediate Maturity (+$6.5 billion), Corporate High Yield (+$4.8 billion), and Corporate Bond General (+$4.6 billion). Tax-Free products continued to steadily attract new investment totaling $5.4 billion. Money-Market mutual fund net deposits totaled $38.8 billion in February.
   
Monthly Highlights: January 2016      2/11/2016
  Net redemptions from long-term mutual funds and ETFs totaled $8.2 billion in January. Passive funds continued to drive demand for stock and bond exposure, attracting $16 billion during the month. Index Equity mutual funds netted +$20.6 billion in January, while monthly net redemptions from Equity ETFs totaled $13.7 billion. Among active funds, outflows from US Equity totaled $23 billion during the month. Active International Equity attracted $3.6 billion on continued demand for foreign large-cap exposure and managed futures strategies. A selloff in stock markets sparked by concerns in the global economic environment sent one-month average US and International Equity fund returns sharply lower at -5.8% and -5.5%, respectively. Bond funds attracted net new investment of $4.3 billion in January on $12.1 billion of net inflows to index ETFs. Tax-Free Bond funds netted $5.2 billion on the month (including $4.5 billion to active funds), while returning an average 1.0%. Government-oriented investment strategies led among taxable products, attracting a net $9.9 billion and returning an average 1.3% in January. Monthly net redemptions from money-market funds totaled $21 billion.