April 18, 2017

Fund Investors Take a Step Back in March—Redeeming $5.9 Billion

by Tom Roseen

  • For the sixth month in seven mutual fund investors were net sellers of fund assets, withdrawing a net $5.9 billion from the conventional funds business. Fixed income funds (+$29.9 billion) witnessed the only net inflows for March, while for the twelfth month in 13 investors were net redeemers of stock & mixed-asset funds (-$13.1 billion) and for the third month running were net sellers of money market funds, withdrawing $22.7 billion.
  • For the twenty-sixth consecutive month Thomson Reuters Lipper’s U.S. Diversified Equity (USDE) Funds macro-classification witnessed net redemptions, handing back $13.6 billion for March.
  • For the fourteenth consecutive month authorized participants (APs) were net purchasers of exchange-traded funds (ETFs), injecting $46.6 billion for March. APs injected a net $38.4 billion into stock & mixed-asset ETFs and were net purchasers of bond ETFs, injecting a net $8.1 billion.
  • Despite the March Fed rate hike, APs padded the coffers of Core Bond ETFs (+$2.3 billion net) and Inflation-Protected Bond ETFs (+$1.0 billion net).

Click here or on the Download Full Report link in the upper right hand column of this page to download the March 2017 FundFlows Insight Report: Fund Investors Take a Step Back in March—Redeeming $5.9 Billion.

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