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 Q2 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.
- For Q2 2021, the average equity fund and taxable fixed income fund posted a 6.36% and 1.55% return, respectively.
- TNA in the conventional funds business rose 5.19%, climbing $1.306 trillion from Q1 2021 to just a little less than $26.5 trillion for Q2 2021.
- The short-/intermediate-term bond funds (+$49.5 billion) and money market funds (+$34.8 billion) macro-groups had the largest draws of net new money for Q2, while the large-cap funds (-$35.1 billion) and U.S. diversified equity funds (-$8.1 billion) macro-groups witnessed the largest net redemptions.
- TNA in U.S. ETPs increased 9.51% from $5.956 trillion for Q1 2021 to slightly less than $6.523 trillion for Q2 2021, a rise of more than $566.3 billion.
- The developed international markets ETPs (+$35.9 billion) and short-/intermediate-term bond ETPs (+$35.6 billion) macro-groups had the largest draws of net new money for Q2 of all the ETP macro-groups, while the alternatives fixed income ETPs (+$182 million) macro-group witnessed the smallest net inflows.
- For Q2, actively managed funds—excluding money market funds—took in some $68.4 billion net, while their passively managed counterparts attracted $250.3 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 Q2 2021 Snapshot.
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