Key Highlights & Observations
Please see attached for the latest Global Fund Market Statistics Report for September 2017 from Lipper. Please feel free to attribute any of the content to Otto Christian Kober, Global Head of Methodology at Lipper, who wrote this report. Key highlights below:
Fund Market Overall
Assets under management in the global collective investment funds market grew US$573.5 billion (+1.3%) for September and stood at US$45.37 trillion at the end of the month. Estimated net inflows accounted for US$70.7 billion, while US$502.8 billion was added because of the positively performing markets. Included in the overall year-to-date asset change figure were US$1.40 trillion of estimated net inflows. Compared to a year ago, assets increased a considerable US$5.96 trillion (+15.1%). Included in the overall one-year asset change figure were US$1.58 trillion of estimated net inflows. The average overall return in U.S.-dollar terms was a positive 0.7% at the end of the reporting month, underperforming the 12-month moving average return by 0.1 percentage point and outperforming the 36-month moving average return by 0.5 percentage point.
Fund Market by Asset Type, September
Most of the net new money for September was attracted by bond funds, accounting for US$56.4 billion, followed by mixed-asset funds and equity funds, at US$15.5 billion and US$8.5 billion of net inflows, respectively. Alternatives funds, at negative US$7.4 billion, were at the bottom of the table for September, bettered by “other” funds and money market funds, at US$3.8 billion of net outflows and US$1.4 billion of net outflows, respectively. The best performing funds for the month were equity funds at 1.8%, followed by mixed-asset funds and real estate funds, at 0.7% and 0.6% returns on average. “Other” funds, at negative 0.6%, bottom-performed, bettered by commodity funds and bond funds, at negative 0.5% and negative 0.3%, 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$628.6 billion, followed by equity funds and mixed-asset funds, with US$297.6 billion and US$231.9 billion of net inflows, respectively. “Other” funds, with a negative US$7.8 billion, were at the bottom of the table for the year to date, bettered by real estate funds and commodity funds, with US$5.7 billion of net inflows and US$9.8 billion of net inflows, respectively. The best performing funds for the year to date were equity funds at 17.5%, followed by mixed-asset funds and “other” funds, with 11.8% and 10.4% returns on average. Commodity funds, at positive 3.7%, bottom-performed, bettered by money market funds and alternatives funds, at positive 7.2% and positive 8.7%, 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$687.3 billion, followed by equity funds and mixed-asset funds, with US$361.8 billion and US$255.7 billion of net inflows, respectively. “Other” funds, at negative US$16.9 billion, were at the bottom of the table for the one-year period, bettered by commodity funds and real estate funds, with US$3.7 billion of net inflows and US$9.0 billion of net inflows, respectively. The best performing funds for the one-year period were equity funds at 16.4%, followed by mixed-asset funds and alternatives funds, with 9.7% and 5.3% returns on average. Commodity funds, at negative 1.0%, bottom-performed, bettered by money market funds and bond funds, at positive 3.7% and positive 4.8%, respectively.
Fund Classifications, September
Looking at Lipper’s fund classifications for September, most of the net new money flows went into Money Market USD (+US$27.2 billion), followed by Bond USD Medium Term and Bond USD Government (+US$14.6 billion and +US$6.2 billion). The largest net outflows took place for Money Market EUR, at negative US$18.7 billion, bettered by Equity US and Money Market KRW, at negative US$14.1 billion and negative US$12.5 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$116.3 billion), followed by Equity Global ex US and Money Market CNY (+US$99.1 billion and +US$78.3 billion). The largest net outflows took place for Bond CNY, at negative US$52.6 billion, bettered by Equity UK and Equity US Income, at negative US$29.6 billion and negative US$27.7 billion, respectively.
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