April 15, 2020

Lipper U.S. Mutual Funds & ETPs Q1 2020 Snapshot: Assets Under Management Plunge $3.2 Trillion

by Tom Roseen.

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 2020, 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: 

  • For Q1 2020, the average equity fund and taxable fixed income fund posted a 22.33% decline and 4.56% decline, respectively, which contributed to the precipitous drop in assets under management.
  • TNA in the conventional funds business plummeted 11.28%, falling $2.423 trillion from Q4 2019 to just a little less than $19.048 trillion for Q1 2020.
  • The money market funds (+$689.7 billion) macro-group had the largest draw of net new money for Q1, while the short-/intermediate-term bond funds (-$77.3 billion) macro-group witnessed the largest net redemption.
  • TNA in U.S. ETPs slid 17.09% (-$756.7 billion) from $4.428 trillion for Q4 2019 to slightly less than $3.672 trillion for Q1 2020.
  • The large-cap ETPs (+$24.2 billion) macro-group had the largest draw of net new money for Q1 of all the ETP macro-groups, while the emerging markets ETPs (-$6.9 billion) macro-group witnessed the largest net redemption.
  • For Q1, actively managed funds—excluding money market funds—handed back some $303.3 billion net, while their passively managed counterparts attracted some $61.6 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 Q1 2020 Snapshot.

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