Total flows to mutual funds for February were €76.91bn. This breaks down to: mutual fund flows (+€43.16 bn) and ETFs (+€33.75bn). Bond funds (+€25.83bn) were the best-selling asset type overall for February, followed by MMFs (+€25.28bn) and equity funds (+€23.07bn). ETFs continue to eat passive mutual funds’ lunch, as the former benefitted from inflows of €33.75bn while the latter shed €5.73bn in February (-€2.77bn YTD). European investors allocated €22.99bn into Money Market USD funds—the best-selling classification for the month. Turkish lira MMFs saw the largest sell off (-€3.43bn), with investors reversing their bets on the currency strengthening.   As S&P

Highlights US fixed income markets show higher January returns, but statistical tests confirm no significant “January effect.” Fund flows shift seasonally, with investors moving from money markets to bonds in January. September is the real outlier, showing a statistically significant decline across US Treasuries and investment-grade bonds. What is the January effect? January effect is a well-known market anomaly, where stocks—especially small caps—experience higher monthly performance in January than during the remaining months of the year. Recent data shows that the January effect in stock markets has become less pronounced over time. But there’s been far less research into whether US

Asset class view Money market funds (MMFs) saw the largest inflows, with £6.7bn Bond inflows were less than half of Decembers, at £1.61bn—the lowest since last September’s redemptions. Active v passive Mutual funds and ETFs took £6.4bn over January, with redemptions of £303m excluding MMF. Active equity strategies suffered the largest redemptions, shedding £3.13bn. Classifications Outside of cash, investors favoured US and global equities, alongside USD and GBP investment grade bond funds. UK equity funds suffered redemptions of about £1.7bn over the month. Sustainable fund flows Sustainable flows were positive for MMFs (£33m) and bonds (£133m). Sustainable equity funds suffered

Asset class view Net fund flows for the month were negative £1.28bn, or £1.87bn excluding MMFs. Bond funds have been the main beneficiaries in December, with inflows of £3.79bn. Active v passive Bond flows were split £950m to active funds and £2.84bn to passives. Passive funds took a total of £3.18bn, split £2.73bn to mutual funds and £448m to ETFs. Classifications Mixed Asset GBP Aggressive funds saw the largest net flows, attracting £1.11bn. Equity US saw redemptions of £723m, £473m of which was from passive funds. Sustainable fund flows Sustainable funds ex MMFs for December saw outflows of £888m, mainly

Asset class view September also saw the largest outflows in risk assets for two years (-£16.54bn). September’s equity outflows (£9.5bn) were the largest since September 2022 (£14.5bn). The next largest were from bonds (£5.52bn). Active v passive Active funds saw redemptions of £5.77bn, while their passive peers suffered outflows of £9.59bn. The largest passive outflows were from equities: £7.38bn, with all but £45m coming out of mutual funds. Classifications Mixed Asset GBP Flexible saw the strongest flows for the month, netting £1.72bn. Despite a strong year, Equity US suffered the second-worst outflows of £3.69bn, all and more from passives. Sustainable

Asset class view Money market funds (MMFs) saw the largest inflows for the month (£2.25bn) and second largest for the year (£8.56bn). Lower rate expectations spur flows of £2.16bn into bond funds, following two months of redemptions.   Active v passive Ex MMFs, active funds attracted £2.1bn, while passives netted £1.53bn. A muted month for equity flows masks the familiar trend from active (-£278m) to passive (£671m).   Classifications Money Market GBP was the top classification by flows in August, attracting £2.27bn. Equity US was the most popular long-term asset classification (£1.88bn, split £1.14bn passive to £741m active).   Sustainable

After some down time, we are bringing back weekly analysis of the U.S. fund market. In this weekly piece I’ll be touching on market events, FTSE Russell index performance, and overall trends using LSEG Lipper data—focusing more on the fixed income fund market. The general layout will go as follows: a recap of relevant macro events, followed by a table summary of the latest fund market data, then lastly some commentary. The commentary will either focus on the overall weekly numbers or a specific classification/macro-group trends. If there are any follow-up questions on the data/products presented or specific insights you’d

Asset class view Money market funds (MMFs) saw significant inflows of £6.75bn. The £1.25bn flows into equity funds were the largest since April 2023. Active v passive Index-tracking funds overall took £3.37bn for the month, considerably besting June’s £805m. There were outflows of £843bn from active equity funds, and positive flows of £2.07bn into trackers. Classifications Money Market GBP was the top classification by flows in July, attracting £6.47bn. Equity UK shed £3.68bn and Equity UK Income £1.02bn, despite the outperformance of the UK over the month. Sustainable fund flows Sustainable funds ex-MMF took £1.77bn, while their conventional peers shed

Asset class view June saw the largest inflows into money market funds (MMFs, £3.76bn) since December 2023. Funds excluding MMFs saw outflows of £2.81bn. Active v passive Index-tracking funds overall took £805m, with inflows of £987m to mutual funds and £181m outflows from ETFs. Inflows of £1.33bn to passive bonds split £1.57bn to mutual funds, with ETF outflows of £236m. Classifications Equity Global funds attracted £1.97bn, with £1.16bn going to passive strategies. Equity UK saw the largest outflows, with redemptions of £5.22bn—£3.35bn from passive strategies. Sustainable fund flows Sustainable funds ex-MMF took £865m, while their conventional peers shed £3.48bn. Sustainable

The data in the article below is sourced from Lipper’s Global Fund Flows application. GFF can be found on LSEG Workspace (“FundFlows”). During LSEG Lipper’s fund-flows week that ended July 11, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the tenth week in 12, adding a net $6.5 billion. This past week, money market funds (+$4.3 billion), taxable bond funds (+$3.4 billion), tax-exempt bond funds (+$775 million), and alternative investments funds (+$640 million) attracted inflows. Equity funds (-$2.3 billion), mixed-assets funds (-$226 million), and commodities funds (-$37 million were the only groups

The data in the article below is sourced from Lipper’s Global Fund Flows application. GFF can be found on LSEG Workspace (“FundFlows”). During LSEG Lipper’s fund-flows week that ended May 29, 2024, investors were overall net sellers of fund assets (including both conventional funds and ETFs) for the first week in six, removing a net $9.6 billion. This past week, equity funds (-$6.9 billion), money market funds (-$2.4 billion), commodities funds (-$584 million), taxable bond funds (-$318 million), mixed-assets funds (-$175 million), and tax-exempt bond funds (-$95 million) suffered outflows. Alternative investments funds (+$852 million) was the only group to

The data in the article below is sourced from Lipper’s Global Fund Flows application. GFF can be found on LSEG Workspace (“FundFlows”). Loading During LSEG Lipper’s fund-flows week that ended May 1, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the second straight week, adding a net $22.0 billion. This past week, money market funds (+$26.2 billion), municipal bond funds (+$515 million), and commodities funds (+$214 million) reported inflows. Equity funds (-$4.2 billion), mixed-assets funds (-$444 million), taxable bond funds (-$253 million), and alternative investments funds (-$20 million) suffered outflows. After seeing