Turnaround driven by strong sales for JOHCM fund   Asset class view Money market funds sold off at the fastest rate since January, with outflows of £1.47bn Equity funds had their highest sales since November, attracting £4.3bn   Active v passive Active bonds outsold passives (£1.43bn to £1.01bn), stalling the recent trend of active to passive fixed income Bond ETFs took about 60% of fixed income passive allocations, at £603m Classifications Equity UK Income netted £1.32bn after a lengthy period of heavy outflows, shedding, £3.75bn over the past year alone Bond GBP Short Term funds have seen outflows of £165m,

In this issue of Refinitiv Lipper’s Swiss Mutual Funds & Exchange-Traded Products Snapshot, we feature a summary of total net assets (TNA) and estimated net flows (ENF) for Swiss conventional funds and exchange-traded products for January 2023.   Loading

In this issue of Refinitiv Lipper’s Swiss Mutual Funds & Exchange-Traded Products Snapshot, we feature a summary of total net assets (TNA) and estimated net flows (ENF) for Swiss conventional funds and exchange-traded products for December 2022.   Loading

In this issue of Refinitiv Lipper’s Swiss Mutual Funds & Exchange-Traded Products Snapshot, we feature a summary of total net assets (TNA) and estimated net flows (ENF) for Swiss conventional funds and exchange-traded products for November 2022.   Loading

Investors were net redeemers of mutual fund assets for the ninth month in a row, redeeming $119.4 billion from the conventional funds business (excluding ETFs, which are reviewed in the section below) for September. For the eighteenth month running, stock & mixed-assets funds experienced net outflows (-$63.7 billion). As a result of the 10-year Treasury yield rising 68 basis points (bps) during the month, the fixed income funds macro-group—for the ninth month in 10—witnessed net outflows, handing back $55.0 billion. Money market funds witnessed net outflows for the second month in a row (albeit only -$703 million). For the fifth

In this issue of Refinitiv Lipper’s Swiss Mutual Funds & Exchange-Traded Products Snapshot, we feature a summary of total net assets (TNA) and estimated net flows (ENF) for Swiss conventional funds and exchange-traded products for September 2022.   Loading

Money market funds see redemptions of almost £10bn in January despite investments into return-seeking funds being only a third of this. Asset Class View Money market funds saw redemptions of -£9.84bn, reversing December’s sales of more than £8bn. Sales were down on the previous month, with bonds being the next best-selling asset class, at £1.81bn. Real estate shed £651m over the month, despite ongoing gating in direct property funds. Active v Passive Active equity has only seeped out £84m of net assets, compared to much heavier redemptions in previous months. Active managers also attracted £710m of £1.81bn bond sales over

Investors were net purchasers of mutual fund assets for the second month in a row, injecting $28.0 billion into the conventional funds business (excluding ETFs, which are reviewed in the section below) for January. However, for the twenty-third month in 24, stock & mixed-assets funds suffered net redemptions (-$48.5 billion) for January. Despite a steepening Treasury yield curve, investors continued to pad the coffers of fixed income instruments, pushing the fixed income funds macro-group to its ninth consecutive month of net inflows, attracting $80.0 billion for December (their largest monthly net inflow on record). Money market funds (-$3.5 billion) witnessed

Muted flows conceal large reallocations from active to passive in equity and bond funds Asset Class View Money Market funds took November’s largest share of flows (£4.9bn) in a partial reversal of October’s ‘risk on’ environment. This was followed by Mixed Assets, with £3.7bn. Both equities and bonds were in positive territory, netting £1.5bn and £1.3bn, respectively. Active v Passive Looking beyond the headline figures, passive equity funds took in £31.5bn, and bonds £10.5bn, leaving their active peers deep in negative territory. While mutual funds dominate passive flows, ETFs continue to edge into the space, with equity ETFs claiming 7%

Refinitiv Lipper’s new review of UK monthly fund flows coincides with a strong risk-on October, as equities dominate.The bulk of this has been invested in developed markets—largely the UK and US—in line with market recovery trends from April. Most of this has been deployed using passive vehicles. While risk assets wobbled in June—with equities seeing more outflows than they did in March—it looks like investors are currently confident that the market has further to run. Asset Class View UK investors’ risk appetite increased in October, with net inflows into equities (£16bn) and out of bonds and money market funds (-£4.43bn

Investors were net sellers of mutual fund assets for the third month in a row, withdrawing $63.7 billion from the conventional funds business (excluding ETFs, which are reviewed in the section below) for August. During the month, the major U.S. benchmarks continued on their upward trajectories as investors weighed the ongoing concerns of a rise in new coronavirus outbreaks and the impasse on Capitol Hill on extending the emergency unemployment package against improvements in the U.S. unemployment rate and continued commitment by the Federal Reserve Board to support the economy. For the nineteenth month in a row, stock & mixed-assets

Investors were net sellers of mutual fund assets for the first month in five, withdrawing $128.9 billion from the conventional funds business (excluding ETFs, which are reviewed in the section below) for June. During the month, the major benchmarks witnessed wild swings as investors weighed the ongoing concerns of a rise in new coronavirus outbreaks against improvements in the U.S. unemployment rate and commitments by both the Federal Reserve Board and the Department of Treasury to continue to shore up the economy. For the seventeenth month in a row, stock & mixed-assets funds witnessed net outflows (-$66.7 billion) in June.