In this issue of Lipper’s U.S. Mutual Funds & Exchange-Traded Products Snapshot we feature a summary of total net assets (TNA), estimated net flows, new fund creations, and fund liquidations for conventional funds and exchange-traded products (ETPs) for Q1 2019, comparing the changes to those of prior quarters and highlighting the largest individual gainers and losers of both groups. The Snapshot provides readers a powerful, easy-to-use guide and quick-reference tool to help them discern fund trends during the quarter.
- Total net assets (TNA) in the conventional funds business (not including exchange-traded products [ETPs] and variable insurance products [VIPs]) rose 8.86%, increasing $1.6 trillion from Q4 2018 to just a little less than $19.304 trillion for Q1 2019.
- TNA 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 unit investment trusts) rose 11.88% from $3.400 trillion for Q4 2018 to a little more than $3.804 trillion for Q1 2019.
- For Q1, actively managed funds—excluding money market funds—took in $26.3 billion net, while their passively managed counterparts attracted some $113.4 billion.
- The short-/intermediate-term bond funds (+$53.4 billion) and money market funds (+$46.2 billion) macro-groups had the largest draws of net new money for Q1, while the large-cap fund (-$7.5 billion) and tax-exempt money market funds (-$7.1 billion) macro-groups witnessed the largest net redemptions.
- The long-term taxable bond ETPs (+$25.3 billion) and emerging markets ETPs (+$15.9 billion) macro-groups had the largest draws of net new money for Q1 of all the ETP macro-groups, while the developed international markets ETPs (-$8.6 billion) and U.S. diversified equity ETPs (-$6.5 billion) macro-groups witnessed the largest net redemptions.
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 Q1 2019 Snapshot.