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.
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