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: January 2019      2/15/2019
  Long-term active funds saw a drastic improvement in flow activity compared to December 2018. Net deposits totaled $12.3 billion in January after record-setting outflows of $171.4 billion in December. Passively-managed funds continued to experience net inflows during January at $19.8 billion, though this was a decrease from $56.7 billion seen during December. Mutual funds were the leading inflow vehicle for the month, garnering $25.2 billion against outflows of $5.4 billion from ETFs. This was a significant turnaround from December, when ETFs brought in net commitments of $45.3 billion compared to $11.5 billion for mutual funds.
Monthly Highlights: December 2018      1/17/2019
  Long-term active funds experienced their highest level of monthly net redemptions in over a decade, falling to $171.8 billion in December after outflows of $61.7 billion in November. Outflows for 2018 overall totaled $337.4 billion. Passive funds experienced net new flows at nearly the same level across December ($56.3 billion) and November ($56.4 billion). ETFs were chiefly responsible for net inflows during both months, garnering $44.9 billion in December and $42.3 billion in November. Passive mutual funds experienced net deposits of $11.4 billion in December and $14.1 billion in November.
Monthly Highlights: November 2018      12/17/2018
  Active long-term fund net redemptions increased slightly in November, growing to $62.3 billion from outflows of $57.0 billion in October. Net deposits into passive funds grew substantially during November, increasing to $56.3 billion from $18.9 billion in October. ETFs accounted for the largest portion of this growth, increasing net new flows to $42.2 billion from $3.5 billion last month. Passive mutual fund flows meanwhile remained largely consistent, garnering $14.1 billion in November and $15.4 billion in October.
Monthly Highlights: October 2018      11/15/2018
  Net redemptions from active long-term funds increased significantly during October. Net outflows totaled $57.7 billion, compared to $13.5 billion during September. Passive net flows remained positive at $18.6 billion during October, though at a reduced level from $40.3 billion in September. Mutual funds and ETFs traded positions among passive funds in October. Passive mutual funds grew net new flows to $15.4 billion, up from $10.8 billion in September. Conversely, ETF flows fell substantially, declining to $3.2 billion in October from $29.5 billion in September.
Monthly Highlights: September 2018      10/17/2018
  Net outflows from active long-term funds totaled $13.8 billion during September, a substantive total but down from $20.0 billion of net redemptions in August. Passive net deposits grew to $40.2 billion in September, from $33.9 billion during August. Indexed exchange-traded products led net new flows at $29.4 billion (versus $23.0 billion last month). Passive mutual fund flows in September totaled $10.8 billion, in line with the $10.9 billion seen in August.