In this issue of Lipper’s U.S. Mutual Funds & Exchange-Traded Products Snapshot, we feature a summary of total net assets (TNA), estimated net flows, new fund creations, and fund liquidations for conventional funds and exchange-traded products (ETPs) for Q2 2019, comparing the changes to those of prior quarters and highlighting the largest individual gainers and losers of both groups. The Snapshot provides readers a powerful, easy-to-use guide and quick-reference tool to help them discern fund trends during the quarter.
Highlights:
- TNA in the conventional funds business (not including ETPs and variable insurance products) rose 1.93%, increasing $372.6 billion from Q1 2019 to $19.689 trillion for Q2 2019.
- TNA in U.S. ETPs rose 4.76% from $3.804 trillion for Q1 2019 to slightly more than $3.985 trillion for Q2 2019.
- For Q2, actively managed funds—excluding money market funds—handed back some $33.2 billion net, while their passively managed counterparts attracted some $142.2 billion.
- The money market funds (+$113.5 billion) and short-/intermediate-term bond funds (+$40.4 billion) macro-groups had the largest draws of net new money for Q2, while the large-cap funds (-$21.6 billion) and developed international markets funds (-$16.1 billion) macro-groups witnessed the largest net redemptions.
- The long-term taxable bond ETPs (+$27.3 billion) and multi-cap ETPs (+$15.4 billion) macro-groups had the largest draws of net new money for Q2 of all the ETP macro-groups, while the emerging markets ETPs (-$4.4 billion) and commodities ETPs (-$165.8 million) macro-groups witnessed the largest net redemptions.
Click here or on the Download Full Report link in the upper right-hand column of this page to download the entire FundIndustry Insight Report: Lipper U.S. Mutual Funds & ETPs Q2 2019 Snapshot.
