Thomson Reuters Lipper U.S. Mutual Funds & ETPs Q2 2017 Snapshot

Equity funds, despite a rough patch in big tech issues in mid-June, posted relatively strong quarterly returns, with growth-oriented issues once again being the primary beneficiary on the domestic side. For Q2 2017 the average equity fund posted a return of 3.32%, with Lipper’s World Equity Funds macro-classification (+6.06%) remaining at the top of the four major equity groups for the second consecutive quarter. Total net assets (TNA) in the conventional funds business continued their ascent, climbing $498.0 billion for Q2 from Q1 2017 to $17.28 trillion, even as equity mutual funds witnessed a slight increase in volatility in June on a lower-than-expected May nonfarm-payrolls report, a reported glut in crude-oil stockpiles, and uncertainty ahead of the then-upcoming FOMC policy-setting meeting.

All the major U.S. broad-based indices posted plus-side returns for Q2, with tech-focused indices still leading the pack despite the turbulence witnessed late in the quarter. For the quarter the NASDAQ Composite Price Only Index and the Dow Jones Industrial Average Price Only Index posted the strongest returns, gaining 3.87% and 3.32%, respectively, while the S&P 500 Composite Price Only Index and the Russell 2000 Price Only Index finished the quarter up 2.57% and 2.12%, respectively. Overseas, the Xetra Dax Total Return Index posted the largest return (+6.74%) for the quarter, followed by the Nikkei 225 Price Only Return Index (+5.07%), the FTSE 100 Price Only Index (+3.73%), and the Shanghai Composite Price Only Index (+0.71%). TNAs in U.S. exchange-traded products rose 6.10% from $2.81 trillion for Q1 to just a little under $3.00 trillion for Q2.

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 Q1 2017, 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.

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