Key Highlights & Observations
Fund Market Overall
Assets under management in the global collective investment funds market grew US$239.4 billion (+0.6%) for June and stood at US$42.96 trillion at the end of the month. Estimated net inflows accounted for US$26.1 billion, while US$213.3 billion was added because of the positively performing markets. On a year-to-date basis assets increased US$3.85 trillion (+9.8%). Included in the overall year-to-date asset-change figure were US$692.1 billion of estimated net inflows. Compared to a year ago, assets increased a considerable US$4.95 trillion (+13.0%). Included in the overall one-year asset change figure were US$1.26 trillion of estimated net inflows. The average overall return in U.S.-dollar terms was a positive 0.6% at the end of the reporting month, underperforming the 12-month moving average return by 0.3 percentage point and outperforming the 36-month moving average return by 0.6 percentage point.
Fund Market by Asset Type, June
Most of the net new money for June was attracted by bond funds, accounting for US$69.1 billion, followed by mixed-asset funds and equity funds, at US$18.4 billion and US$9.7 billion of net inflows, respectively. Money market funds, with a negative US$75.2 billion, were at the bottom of the table for June, bettered by “other” funds and real estate funds, at US$2.4 billion of net outflows and US$1.1 billion of net inflows, respectively. The best performing funds for the month were money market funds at 1.1%, followed by mixed-asset funds and equity funds, at 0.7% and 0.7% returns on average. Commodity funds, at negative 0.8%, bottom-performed, bettered by “other” funds and alternatives funds, at negative 0.3% and positive 0.5%, respectively.
Fund Market by Asset Type, Year to Date
Most of the net new money for the year to date was attracted by bond funds, accounting for US$440.6 billion, followed by equity funds and mixed-asset funds, with US$207.2 billion and US$126.7 billion of net inflows, respectively. Money market funds, with a negative US$126.5 billion, were at the bottom of the table for the year to date, bettered by other funds and real estate funds, with US$1.8 billion of net inflows and US$4.2 billion of net inflows, respectively. The best performing funds for the year to date were equity funds at 12.0%, followed by “other” funds and mixed-asset funds, with 8.8% and 7.7% returns on average. Commodity funds, at negative 0.1%, bottom-performed, bettered by money market funds and alternatives funds, at positive 5.3% and positive 6.2%, respectively.
Fund Market by Asset Type, Last Year
Most of the net new money for the one-year period was attracted by bond funds, accounting for US$717.0 billion, followed by equity funds and mixed-asset funds, with US$256.7 billion and US$164.4 billion of net inflows, respectively. “Other” funds, at negative US$4.5 billion, were at the bottom of the table for the one-year period, bettered by commodity funds and real estate funds, with US$5.2 billion of net inflows and US$8.2 billion of net inflows, respectively. The best performing funds for the one-year period were equity funds at 17.1%, followed by “other” funds and mixed-asset funds, with 10.3% and 8.7% returns on average. Commodity funds, at negative 5.6%, bottom-performed, bettered by money market funds and real estate funds, at positive 2.4% and positive 2.4%, respectively.
Fund Classifications, June
Looking at Lipper’s fund classifications for June, most of the net new money flows went into Equity Global ex US (+US$16.8 billion), followed by Bond USD Medium Term and Bond Global (+US$12.6 billion and +US$10.8 billion). The largest net outflows took place for Money Market USD, at negative US$42.4 billion, bettered by Money Market EUR and Equity UK, at negative US$21.9 billion and negative US$18.8 billion, respectively.
Fund Classifications, Year to Date
Looking at Lipper’s fund classifications for the year to date, most of the net new money flows went into Bond USD Medium Term (+US$72.6 billion), followed by Equity Global ex US and Bond Global (+US$70.5 billion and +US$63.6 billion). The largest net outflows took place for Money Market USD, at negative US$116.9 billion, bettered by Money Market CNY and Equity UK, at negative US$62.6 billion and negative US$25.3 billion, respectively.
Fund Classifications, Last Year
Looking at Lipper’s fund classifications for the one-year period, most of the net new money flows went into Bond USD Medium Term (+US$138.4 billion), followed by Bond Global and Money Market GBP (+US$79.2 billion and +US$77.7 billion). The largest net outflows took place for Money Market CNY, with a negative US$77.6 billion, bettered by Equity UK and Mixed Asset USD Flex-US, with a negative US$29.8 billion and a negative US$16.6 billion, respectively.
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