Refinitiv Lipper U.S. Mutual Funds & ETPs Q1 2023 Snapshot: Conventional Fund and ETP Assets Under Management Rose in Q1 by a Combined $1.772 Trillion

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 2023 and the one-year period.

We compare the changes to those of prior quarters and highlight the largest individual gainers and losers of both groups. The Snapshot provides readers with a powerful, easy-to-use guide, and quick reference tool to help them discern fund trends during the quarter.

Highlights:

• For Q1 2023, the average equity and taxable fixed income fund posted a 5.32% and 2.54% return, respectively.
• TNA in the conventional funds business rose 6.05%, climbing $1.4 trillion from Q4 2022 to slightly less than $24.085 trillion for Q1 2023.
• The money markets funds macro-group witnessed the largest absolute and relative increase in TNA under management, jumping $463.7 billion (+10.24%) for the quarter to $4.994 trillion.
• The commodities funds macro-group experienced the largest relative decline in TNA (-4.63% or -$1.5 billion) of the macro-groups, with assets under management falling to $31.7 billion on March 31, 2023.
• TNA in U.S. ETPs increased 6.13% from $6.518 trillion for Q4 2022 to slightly less than $6.917 trillion for Q1 2023, an increase of more than $399.3 billion.
• For Q1, the U.S. diversified equity ETPs macro-group witnessed the largest absolute increase (+$78.9 billion) in TNA (+5.75%) from the prior quarter end, climbing from $1.373 trillion for Q4 to $1.452 trillion for Q1.
• For Q1, actively managed funds—excluding money market funds—handed back some $47.3 billion net, while their passively managed counterparts attracted a net $79.8 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 2023 Snapshot.

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