July 21, 2022

Refinitiv Lipper U.S. Mutual Funds & ETPs Q2 2022 Snapshot: Both Conventional Funds and ETPs Assets Under Management Decline in Q2 by a Combined $3.862 Trillion

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 Q2 2022.

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 Q2 2022, the average equity and taxable fixed income fund suffered losses of 14.26% and 5.21%, respectively.
  • TNA in the conventional funds business declined 11.58%, dropping by $2.981 trillion from Q1 2022 to slightly less than $22.766 trillion for Q2 2022.
  • The tax-exempt money market funds macro-group witnessed the largest absolute and relative increase in TNA under management, jumping $15.9 billion (+18.27%) for the quarter. No other broad-based macro-group witnessed accretion in its TNA for Q2.
  • The large-cap funds macro-group experienced the largest relative and absolute decline in TNA (-$532.7 billion, or -18.47%) of the macro-groups.
  • TNA in U.S. ETPs decreased 12.47% from $7.066 trillion for Q1 2022 to slightly less than $6.185 trillion for Q2 2022, a decline of more than $881.2 billion.
  • The U.S. diversified equity ETPs (USDE, +$33.6 billion) and short-/intermediate-term bond ETPs (+$29.9 billion) macro-groups had the largest draws of net new money for Q2 of all the ETP macro-groups.
  • Sector equity ETPs (-$21.8 billion) and commodities ETPs (-$4.1 billion) macro-groups witnessed the largest net outflows.
  • For Q2, actively managed funds—excluding money market funds—handed back some $306.9 billion net, while their passively managed counterparts attracted a net $101.2 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 2022 Snapshot.

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

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