March 16, 2017

Global Fund Market Statistics Report for February

by Otto Christian Kober

fund_market_report

Fund Market Overall

Assets under management in the global collective investment funds market grew US$727.3 billion (+1.9%) for February and stood at US$38.78 trillion at the end of the month. Estimated net inflows accounted for US$141.0 billion, while US$586.3 billion was added because of the positively performing markets. On a year-to-date basis assets increased US$1,633.8 billion (+4.4%). Included in the overall year-to-date asset change figure were US$265.0 billion of estimated net inflows. Compared to a year ago, assets increased a considerable US$4,913.3 billion (+14.5%). Included in the overall one-year asset change figure were US$769.7 billion of estimated net inflows. The average overall return in U.S.-dollar terms was a positive 1.3% at the end of the reporting month, outperforming the 12-month moving average return by 0.2 percentage point and outperforming the 36-month moving average return by 1.3 percentage points.

Fund Market by Asset Type, February

Most of the net new money for February was attracted by bond funds, accounting for US$67.1 billion, followed by equity funds and mixed-asset funds, at US$54.0 billion and US$18.5 billion of net inflows, respectively. Money market funds, with a negative US$4.0 billion, were at the bottom of the table for February, bettered by “other” funds and real estate funds, at US$1.9 billion of net outflows and US$0.3 billion of net inflows, respectively. The best performing funds for the month were “other” funds at 2.2%, followed by equity funds and mixed-asset funds, at 2.0% and 1.2% returns on average. Alternatives funds, at 0.0%, bottom-performed, bettered by commodity funds and money market funds, at positive 0.4% and positive 0.5%, respectively.

Fund Market by Asset Type, Year to Date

Most of the net new money for the year to date was attracted by bond funds, accounting for US$132.7 billion, followed by equity funds and mixed-asset funds, with US$94.2 billion and US$36.5 billion of net inflows, respectively. Money market funds, with a negative US$5.2 billion, were at the bottom of the table for the year to date, bettered by “other” funds and real estate funds, with US$3.7 billion of net outflows and US$1.2 billion of net inflows, respectively. All asset types posted positive returns for the year to date, with “other” funds at 6.3%, followed by equity funds and mixed-asset funds, with 5.7% and 3.9% returns on average. Money market funds, at positive 2.0%, bottom-performed, bettered by alternatives funds and bond funds, at positive 2.2% and positive 2.6%, respectively.

Fund Market by Asset Type, Last Year

Most of the net new money for the one-year period was attracted by bond funds, accounting for US$592.9 billion, followed by money market funds and equity funds, with US$101.3 billion and US$44.4 billion of net inflows, respectively. “Other” funds, at negative US$8.9 billion, were at the bottom of the table for the one-year period, bettered by mixed-asset funds and real estate funds, with US$6.7 billion of net inflows and US$10.3 billion of net inflows, respectively. All asset types posted positive returns for the one-year period, with equity funds at 20.5%, followed by “other” funds and mixed-asset funds, with 16.1% and 13.7% returns on average. Money market funds, at positive 2.0%, bottom-performed, bettered by alternatives funds and real estate funds, at positive 4.0% and positive 5.3%, respectively.

Fund Classifications, February

Looking at Lipper’s fund classifications for February, most of the net new money flows went into Bond USD Medium Term (+US$14.0 billion), followed by Bond BRL and Equity US Small & Mid Cap (+US$9.3 billion and +US$8.3 billion). The largest net outflows took place for Money Market USD, at negative US$8.1 billion, bettered by Money Market EUR and Equity Europe, at negative US$5.7 billion and negative US$2.8 billion, respectively.

Fund Classifications, Year to Date

Looking at Lipper’s fund classifications for the year to date, most of the net new money flows went into Money Market EUR (+US$21.3 billion), followed by Bond USD Medium Term and Equity US Small & Mid Cap (+US$19.8 billion and +US$19.0 billion). The largest net outflows took place for Money Market USD, at negative US$48.9 billion, bettered by Equity Canada and Bond EUR Corporates, at negative US$4.0 billion and negative US$3.1 billion, respectively.

Fund Classifications, Last Year

Looking at Lipper’s fund classifications for the one-year period, most of the net new money flows went into Bond USD Medium Term (+US$139.4 billion), followed by Money Market GBP and Equity Emerging Mkts Global (+US$66.0 billion and +US$47.2 billion). The largest net outflows took place for Equity Europe, with a negative US$54.0 billion, bettered by Mixed Asset CNY Flexible and Equity US, with a negative US$50.2 billion and a negative US$32.2 billion, respectively.

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