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FundFlows
May 17, 2012 |
Jeff Tjornehoj, Tom Roseen
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Investors Continue to Inject Net New Money Into Equity and Fixed Income Funds in April, While Being Overall Net Redeemers From the Conventional Funds Business
• For the second consecutive month, investors were net redeemers of fund assets, removing $0.8 billion from the conventional funds business for April. Investors injected a net $20.6 billion and $2.4 billion into bond funds and stock & mixed-asset funds, respectively, but that wasn’t enough to offset the possibly tax-related redemptions from money market funds (-$23.8 billion).
• For the twelfth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $12.7 billion. Large-cap funds (-$ 6.8 billion) experienced their thirty-fifth consecutive month of outflows.
• Overall, exchange-traded funds (ETFs) posted their fifth consecutive month of net inflows. Stock & Mixed Equity ETFs report net redemptions of $2.0 billion while Bond ETFs attract $4.3 billion in net inflows.
• Sector Equity ETFs led all other equity macro-groups with $1.6 billion in net inflows.
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FundFlows
Apr 18, 2012 |
Matthew Lemieux
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Investors Withdraw $33.5 Billion Overall From the Conventional Funds Business in March but Pad the Coffers of Fixed Income and Stock & Mixed-Asset Funds
• For the first month in five investors were net redeemers of fund assets, removing $33.5 billion from the conventional funds business for March. Investors injected a net $30.0 billion and $6.2 billion into bond funds and stock & mixed-asset funds, respectively, but it wasn’t enough to offset the possibly tax-related redemptions from money market funds (-$69.7 billion).
• For the eleventh consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $9.7 billion. Large-cap funds (-$ 8.9 billion) experienced their seventeenth consecutive month of outflows.
• For March exchange-traded funds (ETFs) posted net inflows of $10.3 billion. Stock & Mixed Equity ETFs ended the period with net inflows of $6.7 billion while Bonds ETFs added $3.6 billion to their accounts.
• World Equity ETFs attracted $1.2 billion in net new assets, bolstered heavily by continued interest in Emerging Market offerings (+1.3 billion).
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FundFlows
Mar 16, 2012 |
Jeff Tjornehoj, Matthew Lemieux
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For February Conventional Equity Funds Attract Their Largest Net Inflows (+$22.5 Billion) in a Year, While Bond Funds Take in $30.9 Billion
• For the fourth consecutive month investors, injecting $52.1 billion into the conventional funds business for February, were net purchasers of fund assets. Investors injected a net $30.9 billion and $22.5 billion into bond funds and stock & mixed-equity funds, respectively, while redeeming just $1.3 billion from money market funds.
• For the tenth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $2.1 billion. Large-cap funds (-$6.4 billion) experienced their sixteenth consecutive month of outflows.
• Exchange-traded funds (ETFs) post their third consecutive month of net inflows as investors allocate $9.1 billion in stock & mixed-equity ETFs and $3.3 billion in bond ETFs
• Bolstered by investor interest in gold and energy trackers, Sector Equity ETFs report net inflows of $6.9 billion—the macro-group’s strongest monthly inflows since Feb ’09.
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FundFlows
Feb 16, 2012 |
Tom Roseen
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Investors Are Net Purchasers of Fund Assets for the Third Consecutive Month, Injecting $8.6 Billion Into Fund Coffers
• For the third consecutive month investors, injecting $8.6 billion into the conventional funds business for January, were net purchasers of fund assets. Net inflows into bond funds (+$30.7 billion) and stock & mixed-equity funds (+$16.8 billion) easily offset the $38.9-billion redemptions from money market funds.
• For the ninth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $1.8 billion (the macro-group’s smallest net redemptions since May 2001). Large-cap funds (-$6.4 billion) experienced their fifteenth consecutive month of outflows.
• For January exchange-traded funds posted net inflows of $28.2 billion; their largest monthly inflow on record.
• Emerging Market ETFs (+$4.7 billion) recorded their largest monthly inflow since October 2010 while flows into High Yield ETFs (+3.9 billion) dominated the bond space.
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FundFlows
Jan 19, 2012 |
Tom Roseen
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Investors Sit Pat in December, Injecting Only $18.4 Billion Net Into the Conventional Funds Business
• For the second consecutive month investors, injecting $18.4 billion into the conventional funds business, were net purchasers of fund assets for December. Once again, net inflows for bond funds (+$9.3 billion) and money market funds (+$33.9 billion) easily offset the $24.8-billion redemptions from stock & mixed-equity funds.
• For the eighth consecutive month investors were net redeemers of U.S. Diversified Equity Funds, withdrawing $18.5 billion. Large-cap funds (-$11.0 billion) experienced their fourteenth consecutive month of outflows. Only three of Lipper’s 4x3-matrix fund classifications attracted net new money: Multi-Cap Core Funds (+$1.2 billion), Large-Cap Growth Funds (+$0.2 billion) and Small-Cap Growth Funds (+$0.2 billion).
• For December stock & mixed equity ETFs posted net inflows of $10.2 billion while bond ETFs added $4.8 billion to their accounts.
• The SPDR S&P 500 ETF (SPY) attracted net inflows of $8.4 billion while SPDR Gold Trust (GLD) suffered redemptions of $2.2 billion.
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FundFlows
Dec 16, 2011 |
Tom Roseen
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Investors Duck for Cover During November, but They Inject $53.3 Billion Net Into the Conventional Funds Business
• For the first month in three investors, injecting $53.3 billion into the conventional funds business, were net purchasers of fund assets for November. Net inflows for bond funds (+$20.6 billion) and money market funds (+$54.9 billion) easily offset the $22.3-billion redemptions from stock & mixed-equity funds during the month.
• For the seventh consecutive month investors were net redeemers of USDE Funds, pulling out $13.4 billion. Large-cap funds (-$10.1 billion) experienced their thirtieth consecutive month of outflows. Only one of Lipper’s 4x3-matrix fund classifications attracted net new money: Multi-Cap Core Funds (+$2.0 billion).
• For November institutional investors once again made net purchases (+$2.7 billion) of World Equity Fund assets, while investors in loaded funds and no-load funds withdrew a net $3.8 billion and $2.7 billion, respectively.
• For the third consecutive month bond funds (+$20.6 billion) witnessed net purchases, and for the first month in four money market funds saw net inflows (+$54.9 billion).
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FundFlows
Nov 16, 2011 |
Tom Roseen
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Despite Relatively Strong October Returns for Equity Funds, Investors Remain Net Redeemers of Fund Assets
• For the second month in a row investors were net redeemers of fund assets for October, redeeming $20.2 billion from the conventional funds business. Net inflows from bond funds (+$11.3 billion) weren’t enough to offset the $10.9-billion and $20.5-bllion redemptions from stock & mixed-equity funds and money market funds during the month.
• For the sixth consecutive month investors were net redeemers of USDE Funds, pulling out $17.9 billion. Large-cap funds (-$7.8 billion) experienced their twenty-ninth consecutive month of outflows. None of Lipper’s 4x3-matrix fund classifications attracted net new money.
• For October institutional investors, bucking the trend, made net purchases (+$5.6 billion) of World Equity Fund assets, while investors in loaded funds and no-load funds withdrew a net $3.6 billion each.
• For the second consecutive month bond funds (+$11.3 billion) witnessed net purchases, while money market funds saw their second month of net outflows (-$20.5 billion).
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FundFlows
Oct 18, 2011 |
Tom Roseen
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With the Large Increase in Market Volatility in September, Investors Become Net Redeemers of Fund Assets
• For the third month in four investors were net redeemers of fund assets for September, removing $13.4 billion from the conventional funds business. Net inflows from bond funds (+$10.1 billion) weren’t enough to offset the $13.4-billion and $10.0-bllion redemptions from stock & mixed-equity funds and money market funds during the month.
• For the fifth consecutive month investors were net redeemers of USDE Funds, pulling out $13.9 billion. Large-cap funds (-$8.2 billion) experienced their twenty-eighth consecutive month of outflows. None of Lipper’s 4x3-matrix fund classifications attracted net new money.
• For September institutional investors made net purchases (+$6.0 billion) of World Equity Fund assets, while investors in loaded funds and no-load funds withdrew a net $2.1 billion and $14.4 million, respectively.
• For the seventh month in eight bond funds (+$10.1 billion) witnessed net purchases, while money market funds saw their sixth month of net outflows (-$10.0 billion) in seven months.
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FundFlows
Sep 19, 2011 |
Tom Roseen
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Conventional Fund Flows Are Just on the Plus Side as Investors Move To Money Market Funds
• For the first month in three investors were net purchasers of fund assets, injecting just $0.6 billion into the conventional funds business. Net outflows from stock & mixed-equity funds (-$54.4 billion) and bond funds (-$19.1 billion) almost matched the $74.2-billion injection into money market funds during the month.
• For the fourth consecutive month investors were net redeemers of USDE Funds in August, pulling out $38.2 billion. Large-cap funds (-$17.6 billion) experienced their twenty-seventh consecutive month of outflows. Of Lipper’s 4x3-matrix fund classifications, only Multi-Cap Core Funds (+$0.4 billion) attracted net new money.
• For August institutional investors were net redeemers (-$0.6 billion) of World Equity Fund assets, and investors in loaded funds and no-load funds withdrew a net $5.5 billion and $1.9 billion, respectively.
• For the first month in seven bond funds (-$19.1 billion) witnessed net redemptions for August, while money market funds saw their first net inflows (+$74.2 billion) in six months.
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FundFlows
Aug 16, 2011 |
Tom Roseen
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Fund Investors Redeem $129.5 Billion as Congressional Leaders Deadlock on the Nation’s Debt Ceiling
• For the second consecutive month investors were net redeemers of fund assets, withdrawing a record $129.5 billion from the conventional funds business. Outflows from stock & mixed-equity funds (-$31.2 billion) and money market funds (-$111.4 billion) overwhelmed the $13.1-billion injection into bond funds during the month.
• For the third consecutive month investors were net redeemers of USDE Funds in July, pulling out $29.9 billion. Large-cap funds (-$13.4 billion) experienced their twenty-sixth consecutive month of outflows. None of the 4x3-matrix fund classifications attracted net new money.
• Once again Institutional investors injected net new money (+$1.7 billion) into World Equity Funds (-$3.8 billion net), while investors in loaded funds and no-load funds redeemed $2.9 billion and $2.5 billion, respectively.
• For the sixth consecutive month bond funds (+$13.1 billion) witnessed net purchases for July, while money market funds saw their fifth straight month of net redemptions (-$111.4 billion).
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