April 19, 2021

Refinitiv Lipper U.S. Mutual Funds & ETPs Q1 2021 Snapshot: Assets Under Management Rise $1.380 Trillion for the Quarter

by Tom Roseen.

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 Q1 2021. 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.

Highlights:

  • For Q1 2021, the average equity and taxable fixed income fund posted a 6.31% and negative 0.94 return, respectively, but the one-year totals were impressive coming off the March 2020 pandemic lows.
  • TNA in the conventional funds business (not including ETPs) rose 3.83%, climbing $931.2 billion from Q4 2020 to just a little more than $25.256 trillion for Q1 2021.
  • Money market funds (+$169.8 billion) and short-/intermediate-term bond funds (+$90.9 billion) macro-groups had the largest draws of net new money for Q1, while the developed international markets funds (-$50.2 billion) and large-cap funds (-$29.3 billion) macro-groups witnessed the largest net redemptions.
  • TNA in U.S. ETPs increased 8.20% from $5.480 trillion for Q4 2020 to slightly more than $5.929 trillion for Q1 2021, a rise of more than $449.2 billion.
  • The sector equity ETPs (+$53.2 billion) and USDE ETPs (+$36.4 billion) macro-groups had the largest draws of net new money for Q1 of all the ETP macro-groups, while the commodities ETPs (-$6.0 billion) macro-group witnessed the largest net redemptions.
  • For Q1, actively managed funds—excluding money market funds—took in some $156.5 billion net, while their passively managed counterparts attracted some $202.7 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 2021 Snapshot.

Refinitiv Lipper delivers data on more than 330,000 collective investments in 113 countries. Find out more.

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