Our Privacy Statment & Cookie Policy

All LSEG websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.

January 22, 2024

LSEG Lipper U.S. Mutual Funds & ETPs Q4 2023 Snapshot: Conventional Fund and ETP Assets Under Management Rise in Q4 by a Combined $2.774 Trillion

by Tom Roseen.

In this issue of LSEG 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 Q4 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:

  • The average equity and fixed income fund (including ETPs) posted a 10.26% and 6.06% gain in Q4, respectively.
  • TNA in the conventional funds business jumped 7.51%, rising $1.826 trillion from Q3 2023 to slightly more than $26.144 trillion for Q4 2023.
  • The large-cap funds macro-group witnessed the largest absolute increase in TNA under management in the conventional funds space, jumping $279.4 billion (+10.82%) for the quarter to $2.862 trillion.
  • The alternative funds macro-group experienced the largest absolute decline in TNA (-$5.1 billion or -2.91%) of the conventional funds macro-groups, with assets under management falling to $171.6 billion at quarter end.
  • TNA in U.S. ETPs rose 13.20% from $7.187 trillion for Q3 2023 to slightly more than $8.135 trillion for Q4 2023, a gain of slightly less than $948.4 billion.
  • For Q4, the USDE ETPs macro-group witnessed the largest absolute increase (+$276.8 billion) in TNA (+17.40%) from the prior quarter end, climbing from $1.591 trillion for Q3 to $1.867 trillion for Q4.
  • Actively managed funds—excluding money market funds—handed back some $203.9 billion net for Q4, while their passively managed counterparts attracted a net $223.1 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: LSEG Lipper U.S. Mutual Funds & ETPs Q4 2023 Snapshot.

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

Get In Touch

Subscribe

Related Reports

In this issue of LSEG Lipper’s Global Mutual Funds & Exchange-Traded Products ...

In this issue of LSEG Lipper’s Swiss Mutual Funds & Exchange-Traded Products ...

In this issue of LSEG Lipper’s Global Mutual Funds & Exchange-Traded Products ...

In this issue of LSEG Lipper’s Swiss Mutual Funds & Exchange-Traded Products ...

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.x