Our Privacy Statment & Cookie Policy
All LSEG websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.
The Financial & Risk business of Thomson Reuters is now Refinitiv
All names and marks owned by Thomson Reuters, including "Thomson", "Reuters" and the Kinesis logo are used under license from Thomson Reuters and its affiliated companies.
For the first month in three investors were net redeemers of mutual fund assets, removing $55.2 billion from the conventional funds business (excluding ETFs) for June. For the third month in four money market funds witnessed net outflows, handing back $32.9 billion for June. Despite an interest rate hike in June, for the fourth month running the fixed income funds macro-group witnessed net inflows, taking in $10.2 billion for June. However, for the second consecutive month stock & mixed-asset funds witnessed net outflows (-$32.5 billion, their largest outflows since December 2017).
For the first month in three ETFs also witnessed net outflows, handing back $2.0 billion for June. Authorized participants (APs, those investors who actually create and redeem ETF shares) were net sellers of stock & mixed-asset ETFs—redeeming $10.0 billion. And for the thirty-sixth consecutive month they were net purchasers of bond ETFs—injecting $8.0 billion for June. APs were net purchasers of four of the five equity-based ETF macro-classifications: USDE ETFs (+$1.6 billion), Sector Equity ETFs (+$214 million), Mixed-Asset ETFs (+$123 million), and Alternatives ETFs (+$95 million), while being net redeemers of World Equity ETFs (-$12.1 billion). In this segment I highlight the June fund-flow results for both types of investment vehicles.
Highlights:
Click here to download the June 2018 FundFlows Insight Report: Investors Continue to Pad the Coffers of Bond Funds and ETFs in June.
Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.