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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.
All reports are in PDF format [download
Acrobat Reader]
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Monthly Fund Industry Review: July 2010 |
8/16/2010 |
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Despite the strong rally in stock markets globally in July, investor concerns about the health of developed market economies led to accelerated withdrawals from US and other developed market equity funds. Although there were continued strong inflows into emerging market equity funds, equity funds ended up experiencing small net outflows overall. On the other hand, the recurrent themes of investor risk aversion and a search for yields led to accelerating net inflows into bond funds. |
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Monthly Fund Industry Review: June 2010 |
7/16/2010 |
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June saw flows into bond funds more than doubling from the volumes in May, to $22 billion, as risk-averse and equity-shy investors continued to search for yields higher than the near-zero levels they are earning in money market funds. Net redemptions from US equity funds eased in June despite average (asset-weighted) losses of 4.88% suffered by these programs over the month, while international/global equity funds received small positive inflows as strong demand for emerging market and flexible global allocation funds served to offset continued net redemptions in aggregate from diversified international/global equity vehicles.
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Monthly Fund Industry Review: May 2010 |
6/14/2010 |
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A renewed surge of anxiety related to the Eurozone fiscal crisis, revival in market volatility following the May 6th “flash crash” that led stock indexes sharply lower from their April highs, global economic and geopolitical concerns, and the Gulf oil spill, all combined in the month of May to halt at least temporarily the upturn in investors’ risk appetites seen in the first few months of 2010. Despite the host of concerns weighing on investors’ minds, net outflows from stock/hybrid funds were limited to about $17 billion in May. Bond funds also saw net inflows falling from recent outsized levels to a more modest $12 billion in May, but investor anxiety should continue to elicit bond fund demand. Yet some investors may view the recent market pullback as a buying opportunity for stocks.
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Monthly Fund Industry Review: April 2010 |
5/14/2010 |
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Flows into long-term funds totaled nearly $57 billion in April, and were only slightly off from March’s levels, as an uptick in flows into equity/hybrid funds partly offset a decline in flows into bond funds. Equity/hybrid funds drew a majority of long-term fund flows for the first time since June 2008 as investors’ risk appetites inched up encouraged by some signs of economic improvement in the US, and despite concerns on the sovereign debt front in Europe. |
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Monthly Fund Industry Review: March 2010 |
4/16/2010 |
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Flows into long-term funds rose to $64 billion in March, as a result of an uptick in flows into both stock and bond programs. Bond funds ($40 billion) again drew a majority of the long-term fund flows, as overall still cautious investors sought alternatives to money market funds and deposit accounts in a near-zero cash-yield environment.
US equity funds (+5.31%) outperformed international equity funds (+1.99%) over the first quarter helped by a strengthening US dollar, and saw a slight improvement in flows in March, to $12 billion; investor demand for global diversification however persisted, as international equity funds drew an equivalent amount over the month, bringing their total net intake in the first quarter to nearly $30 billion.
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