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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: February 2010 |
3/12/2010 |
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Long-term funds added $34 billion in February, raising year-to-date net flows to nearly $80 billion. Bond funds continued to dominate the long-term fund net intake, pulling in $27 billion in February driven by persistent demand for income by safety-seeking investors in a near-zero cash-yield environment, a trend we expect to persevere for a while. Concerns about European sovereign debt and fears that the global economic recovery would prove to be disappointing led investors to curtail their net new commitments to international/global equity funds in February, while flows into US equity funds remained minimal as continued economic uncertainty fed into investor caution. |
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Monthly Fund Industry Review: January 2010 |
2/16/2010 |
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Bond fund flows continued at a robust pace in January ($30 billion), driven by continued strong demand for income in a near-zero cash yield environment. The month also saw a slight pickup in demand for actively managed equity funds, which came in the face of a fall in equity market indices—the average equity fund experienced an NAV decline of 3.8% (asset-weighted average) in January. Flows into active international/global equity funds neared $10 billion (the highest volume since May 2008), and active US equity/hybrid funds saw positive net inflows for the first time since June 2009. In total, equity funds, active and passive, garnered $15 billion in January.
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Monthly Fund Industry Review: December 2009 |
1/15/2010 |
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Bond funds saw flows moderating to $29 billion in December, but still ended up establishing an all-time record for the full year with an almost $400 billion net intake. In contrast, flows into equity funds remained subdued despite the ongoing global stock market revival due to investor ambivalence about its sustainability, and continuing low risk appetites overall. Within the equity fund area, the recent dichotomy between internationally-investing and US-focused programs persisted, with the former continuing to draw modest inflows (helped by investor interest in boosting emerging market allocations in their portfolios), and the latter suffering small net outflows. December saw international equity funds garnering $8 billion. |
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Highlights of November 2009 Mutual Fund Industry Results |
12/14/2009 |
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Flows into bond funds in November, although somewhat off from the blistering pace of the prior three months, were very robust at $38 billion. Driven by continued strong demand for income in a near-zero cash yield environment, bond fund flows have reached extraordinary levels in 2009. In contrast, notwithstanding a 4.8% rise in NAVs on average (asset-weighted) in November, stock/hybrid funds received only small inflows over the month, because of continued concerns about the sustainability of the global economic and stock market revival.
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Highlights of October 2009 Mutual Fund Industry Results |
11/19/2009 |
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For the third consecutive month, investors deposited a $40 billion-plus amount into bond funds, bringing year-to-date bond fund flow volumes to an enormous $330 billion. International equity fund flows rose to $14 billion in October. US equity funds, in contrast suffered net outflows (for the second straight month), reducing the aggregate equity fund net flow total for October to $7 billion.
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