Our Privacy Statment & Cookie Policy
All LSEG websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.
by Tom Roseen.
Investors were net sellers of mutual fund assets for the sixth month in a row, withdrawing $9.8 billion from the conventional funds business (excluding ETFs, which are reviewed in the section below) for November. For the twenty-second month in a row, stock & mixed-assets funds witnessed net outflows (-$38.5 billion) in November (the group’s smallest net redemptions since April 30, 2020). In contrast, investors continued to inject net new money into fixed income instruments, pushing the fixed income funds macro-group to its seventh consecutive month of net inflows, attracting $38.7 billion for November. However, money market funds (-$10.0 billion) witnessed net outflows for the sixth month running.
For the fifteenth month running, ETFs witnessed net inflows, taking in $90.8 billion for November (a monthly record amount). Authorized participants (APs—those investors who actually create and redeem ETF shares) were net purchasers of stock & mixed-assets ETFs for the sixth consecutive month, adding a whopping $76.2 billion into equity ETF coffers (the largest on record). And for the eighth month in a row, they were net purchasers of bond ETFs—injecting $14.6 billion for the month. APs were net purchasers of all five equity-based ETF macro-classifications, padding the coffers of U.S. Diversified Equity ETFs (+$48.3 billion), Sector Equity ETFs (+$15.6 billion), World Equity ETFs (+$11.7 billion), Mixed-Assets ETFs (+$537 million), and Alternatives ETFs (+$173 million).
In this report, I highlight the November and year-to-date fund-flows results for both types of investment vehicles.
Highlights:
Click here to download the November 2020 FundFlows Insight Report: Vaccine-Inspired Rally Pushes ETFs to Record Net Inflows for November.
Refinitiv Lipper delivers data on more than 330,000 collective investments in 113 countries. Find out more.
Join a growing community of asset managers and stay up to date with the latest research from Refinitiv and partners to help you inform your investment decisions. Follow our Asset Management LinkedIn showcase page.