February 16, 2017

Conventional Fund Investors Remain Cautious in January

by Tom Roseen

REUTERS/Wolfgang Rattay

  • For January—for the fifth consecutive month—mutual fund investors were net sellers of fund assets, withdrawing a net $30.4 billion from the conventional funds business. Stock & mixed-asset funds (-$4.9 billion) and money market funds (-$46.8 billion) witnessed net outflows for the month. However, for the first month in three investors were net purchasers of bond funds, injecting $21.3 billion for January.
  • For the twenty-fourth consecutive month Thomson Reuters Lipper’s U.S. Diversified Equity (USDE) Funds macro-classification witnessed net redemptions, handing back $8.7 billion for January.
  • For the twelfth consecutive month authorized participants (APs) were net purchasers of exchange-traded funds (ETFs), injecting $41.2 billion for January. APs injected a net $27.3 billion into stock & mixed-asset ETFs and were net purchasers of bond ETFs, injecting a net $13.9 billion.
  • With APs focused on Trump’s deregulation rhetoric and strengthening economics abroad, they padded the coffers of USDE ETFs (+$12.2 billion) and World Equity ETFs (+$11.0 billion).

Click here or on the Download Full Report link in the upper right hand column of this page to download the January 2017 FundFlows Insight Report: Conventional Fund Investors Remain Cautious in January.


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