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 2016      7/19/2016
  Net new investment to long-term mutual funds and ETFs totaled $17 billion in June. Index mutual funds and ETFs collected a net $45.8 billion during the month, while net outflows from long-term active funds totaled $28.8 billion. Actively managed US and International Equity funds redeemed $24.3 billion and $10.7 billion, respectively, in June. Monthly net inflows segments among active equity, hybrid, and alternative funds included International Managed Futures ($618 million), US Equity Income-Mixed (+$434 million), and US Equity Balanced (+$381 million). Passive equity mutual funds netted $18.6 billion. Equity ETFs collected $13 billion of net intake, led by $8.3 billion of investment to US Equity. Active bond funds netted $6.1 billion on the month on demand for muni-bond offerings. Passive fixed income products collected a net $14.2 billion in June. Among active taxable strategies exclusively, demand prevailed for Corporate High Quality (+$3.0 billion) and Corporate Intermediate Maturity (+$2.3 billion) offerings. Monthly net redemptions from Money-Market funds totaled $18.4 billion during the month.
   
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.