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 2020      5/15/2020
  Active long-term funds remained in net outflows in April at $19.1 billion. While those outflows extended across multiple asset classes, they were far from March’s record-setting outflows of $303.4 billion. Passive mutual funds and ETFs saw a recovery in flows that surpassed March’s outflows. Passive inflows totaled $32.8 billion, compared to outflows of $25.9 billion last month. ETFs led inflows for the month at $36.0 billion, up from inflows of $3.6 billion in March.
   
Monthly Highlights: March 2020      4/15/2020
  Active long-term funds faced their greatest monthly net withdrawals ever at $304 billion, representing 2.7% of February assets. December 2018 had previously served as the highest total outflow month for active funds, with net redemptions of $174 billion. The market downturn also led passively-managed funds to experience their highest monthly net redemptions on record at $25.6 billion, though at less severe levels than active funds.
   
Monthly Highlights: February 2020      3/13/2020
  Active fund flows remained positive in February at $8.8 billion. This represented a notable decrease from net deposits of $19.6 billion in January, but this decrease came more through moderated flows across asset classes rather than a stark reversal within any specific grouping. Inflows into passive funds continued to outpace active flows at $17.5 billion, while also experiencing a substantial pullback from January net deposits of $68.6 billion. Mutual funds were the leading inflow vehicle for February at $10.6 billion, having garnered $23.8 billion in January.
   
Monthly Highlights: January 2020      2/18/2020
  Long-term active fund flows rebounded substantially in January, growing to net deposits of $18.9 billion after outflows of $24.9 billion at the end of December 2019. All asset classes experienced improved net flows compared to December, even as Allocation and US Equity funds remained in net outflows. Passively-managed mutual funds and ETFs experienced positive sales momentum in January, seeing net inflows of $68.5 billion against $58.6 billion from December. ETFs served as the primary inflow vehicle and saw nearly equivalent levels of net flows across January ($44.6 billion) and December ($44.0 billion).
   
Monthly Highlights: December 2019      1/23/2020
  Active long-term fund flows plunged over the course of December, declining to outflows of $25.1 billion after moderate net redemptions of $1.2 billion in November. Equity funds strongly weighed down net contributions to active funds while bond funds collectively brought in net inflows of $27.9 billion. Passive funds improved on their November inflows, pulling in net deposits of $58.6 billion in December after $51.4 billion in the prior month. ETFs continued to act as the leading inflow vehicle during the month at $43.9 billion against $40.8 billion in November.