In this issue of Refinitiv 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 2020. We compare the changes to those of prior quarters and highlight 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.
- For Q4 2020, the average equity and taxable fixed income fund posted a 16.62% and 2.67% return, respectively.
- TNA in the conventional funds business (not including ETPs) rose 8.38%, climbing $1.883 trillion from Q3 2020 to just a little more than $24.3 trillion for Q4 2020.
- Short-/intermediate-term bond funds (+$92.3 billion) macro-group had the largest draws of net new money for Q4, while the developed international markets funds (-$69.9 billion) macro-group witnessed the largest net redemptions.
- TNA in U.S. ETPs increased 15.51% from $4.744 trillion for Q3 2020 to slightly less than $5.480 trillion for Q4 2020, a rise of more than $735.9 billion.
- The sector equity ETPs (+$43.6 billion) macro-group had the largest draws of net new money for Q4 of all the ETP macro-groups, while the commodities ETPs (-$6.1 billion) macro-group witnessed the largest net redemptions.
- For Q4, actively managed funds—excluding money market funds—took in some $22.5 billion net, while their passively managed counterparts attracted some $134.2 billion.
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