Global Fund Market Statistics for June: Thomson Reuters Lipper Analysis

Fund Market Overall

Assets under management in the global collective investment funds market grew US$188.8 billion (+0.5%) for June and stood at US$36.2 trillion at the end of the month. Estimated net outflows accounted for US$27.8 billion, while US$216.6 billion was added because of the positively performing markets. On a year-to-date basis assets increased US$998.9 billion (+2.8%). Included in the overall year-to-date asset change figure were US$9.6 billion of estimated net outflows. Compared to a year ago, assets decreased US$122.0 billion (-0.3%). Included in the overall one-year asset change figure were US$467.7 billion of estimated net inflows. The average overall return in U.S.-dollar terms was a positive 0.4% at the end of the reporting month, outperforming the 12-month moving average return by 0.7 percentage point and outperforming the 36-month moving average return by 0.3 percentage point.

Fund Market by Asset Type for June

Most of the net new money was attracted by bond funds, accounting for US$18.1 billion, followed by commodity and “other” funds with US$4.2 billion and US$1.9 billion of net inflows, respectively. Equity funds, with a negative US$25.6 billion, were at the bottom of the table for June, bettered by money market funds and alternatives funds with US$19.8 billion and US$4.9 billion of net outflows. The best performing funds for the month were commodity funds at 4.5%, followed by “other” funds and bond funds with 1.6% and 1.5% returns on average. Equity funds bottom-performed with a negative 0.5%, bettered somewhat by alternatives funds and real estate funds with negative 0.4% and negative 0.2%.

Fund Market by Asset Type, Year to Date

In a year-to-date perspective most of the net new money was attracted by bond funds, accounting for US$202.9 billion, followed by commodity funds and “other” funds with US$22.3 billion and US$6.1 billion of net inflows, respectively. Equity funds were at the bottom of the table with a negative US$115 billion, bettered by money market funds and mixed-asset funds with US$89.3 billion and US$43.3 billion of net outflows. The best performing funds year to date were commodity funds at 13.7%, followed by bond funds and mixed-asset funds with 5.7% and 4.7% returns on average. Alternatives funds bottom-performed with a negative 0.1%, bettered by “other” funds and money market funds with 1.6% and 1.6%.

Fund Market by Asset Type, Last Year

Most of the net new money over the past 12 months was attracted by money market funds, accounting for US$422.3 billion, followed by bond funds and alternatives funds with US$186.3 billion and US$27.6 billion of net inflows, respectively. Mixed-asset funds were at the bottom of the table with a negative US$157.5 billion, bettered by equity funds and “other” funds with US$35.6 billion and US$1.7 billion of net outflows. The best performing funds over the last 12 months were bond funds at 1%, followed by money market funds and mixed-asset funds with negative 2.6% and negative 3.6% returns on average. Commodity funds performed the worst with a negative 7.9%, bettered by equity funds and “other” funds with negative 6.9% and negative 5.2%.

Fund Classifications, June

Looking at fund classifications for June, most of the net new money flows went into Lipper’s Bond USD Medium-Term classification (+US$11.0 billion), followed by Money Market GBP and Bond USD Municipal (+US$6.9 billion and +US$5.6 billion). The largest outflows took place in Money Market EUR with a negative US$22.2 billion, bettered by Equity US and Equity Europe with negative US$15.0 billion and negative US$7.8 billion.

Fund Classifications, Year to Date

Looking at fund classifications year to date, most of the net new money flowed into Bond USD Medium-Term (+US$57.5 billion), followed by Equity Global ex US and Bond USD Municipal (+US$39.7 billion and +US$33.1 billion). The largest net outflows took place in Money Market USD, with a negative US$57.5 billion, bettered by Equity US and Money Market CNY with negative US$55.1 billion and negative US$49.7 billion.

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