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.

Get In Touch

Subscribe

Related Reports

Exchange-traded funds (ETFs) that invest based on factor strategies have become very ...

After a dour week of politically charged market declines investors appeared to shrug off ...

The Large Cap Growth style ranks fourth out of the twelve fund styles as detailed in our ...

Key Points: U.S. CLOs: The most widely purchased names in 1Q17 were Avolon Ltd., ...