March 17, 2017

Fund Investors Are Net Purchasers for February—for the First Month in Six

by Tom Roseen

REUTERS/Jim Bourg

  • For the first month in six mutual fund investors were net buyers of fund assets, injecting a net $29.5 billion into the conventional funds business. Money market funds (-$2.0 billion) witnessed the only net outflows for February, while for the first month in 12 investors were net purchasers of stock & mixed-asset funds (+$5.5 billion) and for the second month running were net purchasers of bond funds, injecting $26.0 billion.
  • For the twenty-fifth consecutive month Thomson Reuters Lipper’s U.S. Diversified Equity (USDE) Funds macro-classification witnessed net redemptions, although handing back just $604 million for February.
  • For the thirteenth consecutive month authorized participants (APs) were net purchasers of exchange-traded funds (ETFs), injecting $45.9 billion for February. APs injected a net $33.6 billion into stock & mixed-asset ETFs and were net purchasers of bond ETFs, injecting a net $12.4 billion.
  • With the prospect of a March Fed rate hike and Trump’s proposed tax cuts, APs padded the coffers of Sector Equity ETFs (+$12.8 billion) and USDE ETFs (+$12.2 billion).

Click here or on the Download Full Report link in the upper right hand column of this page to download the February 2017 FundFlows Insight Report: Fund Investors Are Net Purchasers for February—for the First Month in Six.

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