October 20, 2021

Refinitiv Lipper U.S. Mutual Funds & ETPs Q3 2021 Snapshot: ETP Assets Under Management Rise to $6.612 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 Q3 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 Q3 2021, the average equity fund and taxable fixed income fund posted a 1.52% loss and 0.08% gain, respectively.
  • TNA in the conventional funds business declined 0.20%, falling by $54.2 billion from Q2 2021 to slightly less than $26.415 trillion for Q3 2021.
  • The short-/intermediate-term bond funds (+$34.2 billion) and long-term taxable bond funds (+$32.2 billion) macro-groups had the largest draws of net new money for Q3, while the large-cap funds (-$30.1 billion) and small-cap funds (-$13.9 billion) macro-groups witnessed the largest net redemptions.
  • TNA in U.S. ETPs increased 1.24% from $6.531 trillion for Q2 2021 to slightly less than $6.612 trillion for Q3 2021, a rise of more than $81.2 billion.
  • The U.S. diversified equity ETPs (+$37.5 billion) and short-/intermediate-term bond ETPs (+$31.7 billion) macro-groups had the largest draws of net new money for Q3 of all the ETP macro-groups, while the commodities ETPs (-$3.8 billion) macro-group witnessed the only net outflows.
  • For Q3, actively managed funds—excluding money market funds—took in some $66.2 billion net, while their passively managed counterparts attracted some $189.5 billion.

Click heror 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 Q3 2021 Snapshot.

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

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