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 Q4 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.
Highlights:
- Total net assets (TNA) in the conventional funds business (not including ETP and variable insurance products [VIPs]) rose 6.09%, increasing $1.232 trillion from Q3 2019 to just a little more than $21.470 trillion for Q4 2019.
- TNA in U.S. ETPs rose 9.13% from $4.058 trillion for Q3 2019 to slightly more than $4.428 trillion for Q4 2019.
- For Q4, actively managed funds—excluding money market funds—handed back some $34.0 billion net, while their passively managed counterparts attracted some $158.5 billion.
- Individually, the passively managed USDE Funds, Sector Equity Funds, and Commodities Funds macro-groups’ TNAs remained above their actively managed brethren as of December 31, 2019, with a combined sum of $5.401 trillion versus a $4.924 trillion, respectively.
- For the one-year period ended December 31, 2019, conventional funds (ex-ETPs) attracted a net $618.4 billion. Large-cap funds handed back a net $98.9 billion, while the money market funds macro-group took in a net $557.4 billion.
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 Q4 2019 Snapshot.
