Despite concerns over an imminent Federal Reserve rate hike and uncertainty over the upcoming U.S. presidential election, total net assets (TNA) in the conventional funds business (excluding ETPs and VIPs) burst through the $16-trillion mark for Q3, rising $449.6 billion from Q2 2016. A surge in select commodities, a weakening U.S. dollar, and a risk-seeking attitude during Q3 pushed foreign issues to the top of the performance charts, with the emerging markets funds macro-group witnessing the largest relative increase (+7.25%) in TNA and the developed international markets funds macro-group adding the largest absolute increase (+$90.5 billion) in TNA for the quarter.
TNAs in U.S. ETPs (including exchange-traded funds, exchange-traded notes, exchange-traded commodities, limited partnership commodity pools, master limited partnerships, and exchange-traded fund [ETF] unit investment trusts) rose 7.15% from $2.3 trillion for Q2 to $2.4 trillion for Q3. In line with the conventional funds universe,the emerging markets ETPs macro-group experienced the largest relative increase (+20.4%) in TNA for Q3 2016, while the U.S. diversified equity ETPs macro-group witnessed the largest absolute increase in TNA (+$36.1 billion) for the quarter.
In the complete issue of Lipper’s U.S. Mutual Funds and Exchange-Traded Products Snapshot, we feature a summary of total net assets, estimated net flows, new fund creations, and fund liquidations for conventional funds and exchange-traded products for Q3 2016, comparing those changes to prior quarters and highlighting the largest individual gainers and losers of both groups. Lipper’s U.S. Mutual Funds and Exchange-Traded Products Snapshot provides readers a powerful, easy-to-use guide and quick reference tool to help them discern fund trends for the quarter.
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 Q3 2016 Snapshot.
Sign up for weekly updates on fund markets and investment opportunities here.
LSEG Solutions
Related Reports
Is the January effect in US fixed income a myth or a market reality?
Highlights US fixed income markets show higher January returns, but statistical ...
Pan–Asian Fund Market Statistics for December–Lipper Analysis
In this issue of LSEG Lipper’s Global Mutual Funds & Exchange-Traded Products ...
Global Responsible Investments Fund Market Statistics for January–Lipper Analysis
In this issue of LSEG Lipper’s Global Mutual Funds & Exchange-Traded Products ...
US Responsible Investments Fund Market Statistics for January–Lipper Analysis
In this issue of LSEG Lipper’s US Mutual Funds & Exchange-Traded Products ...
