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: 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.
Monthly Highlights: November 2019      12/17/2019
  Actively-managed long-term funds saw outflows in November at $1.5 billion. Although net flows in November were negative, active funds had experienced substantially larger outflows over the preceding three months, such as the $8.2 billion withdrawn during October and outflows of $12.8 billion during September. Passive mutual funds and ETFs experienced strong demand from across the marketplace, pulling in substantial net deposits into US Equity, Taxable Bond, and International Equity funds. Net flows stood at $51.1 billion in November compared to $39.4 billion in the prior month.
Monthly Highlights: October 2019      11/19/2019
  Active outflows moderated slightly during October, with net redemptions of $9.2 billion compared to $13.3 billion in September. While bond inflows increased within taxable and tax-free bond funds, International Equity outflows deepened across the month. Passively-managed mutual funds and ETFs gathered strong inflows of $39.4 billion during October, though this did not reach the levels of $46.8 billion seen in September.