April 20, 2017

Global Fund Market Statistics For March: Lipper Analysis

by Otto Christian Kober

Fund Market Overall
Assets under management in the global collective investment funds market grew US$392.3 billion (+1.0%) for March and stood at US$39.23 trillion at the end of the month. Estimated net inflows accounted for US$126.9 billion, while US$265.4 billion was added because of the positively performing markets. On a year-to-date basis assets increased US$2,049.8 billion (+5.5%). Included in the overall year-to-date asset change figure were US$417.2 billion of estimated net inflows. Compared to a year ago, assets increased a considerable US$3,640.8 billion (+10.2%). Included in the overall one-year asset change figure were US$1,022.0 billion of estimated net inflows. The average overall return in U.S.-dollar terms was a positive 1.1% at the end of the reporting month, outperforming the 12-month moving average return by 0.5 percentage points and outperforming the 36-month moving average return by 1.1 percentage points.

Fund Market by Asset Type, March

Most of the net new money for March was attracted by bond funds, accounting for US$66.1 billion, followed by equity funds and mixed-asset funds, at US$37.2 billion and US$15.5 billion of net inflows, respectively. “Other” funds, with a negative US$1.8 billion, were at the bottom of the table for March, bettered by real estate funds and commodity funds, at US$0.8 billion of net inflows and US$1.1 billion of net inflows, respectively. The best performing funds for the month were equity funds at 1.6%, followed by “other” funds and money market funds, at 1.5% and 1.0% returns on average. Commodity funds, at negative 2.0%, bottom-performed, bettered by alternatives funds and bond funds, at positive 0.5% and positive 0.7%, 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$204.8 billion, followed by equity funds and mixed-asset funds, with US$132.0 billion and US$57.1 billion of net inflows, respectively. “Other” funds, with a negative US$2.5 billion, were at the bottom of the table for the year to date, bettered by real estate funds and commodity funds, with US$2.1 billion of net inflows and US$3.1 billion of net inflows, respectively. All asset types posted positive returns for the year to date, with “other” funds at 7.6%, followed by equity funds and mixed-asset funds, with 7.3% and 4.6% returns on average. Commodity funds, at positive 1.4% bottom-performed, bettered by alternatives funds and money market funds, at positive 2.8% and positive 2.9%, 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$621.7 billion, followed by money market funds and equity funds, with US$190.1 billion and US$106.1 billion of net inflows, respectively. “Other” funds, at negative US$6.5 billion, were at the bottom of the table for the one-year period, bettered by alternatives funds and commodity funds, with US$9.7 billion of net inflows and US$10.4 billion of net inflows, respectively. The best performing funds for the one-year period were equity funds at 12.3%, followed by mixed-asset funds and “other” funds, with 6.7% and 6.4% returns on average. Real estate funds, at negative 1.0%, bottom-performed, bettered by money market funds and alternatives funds, at negative 0.7% and positive 0.1%, respectively.

Fund Classifications, March

Looking at Lipper’s fund classifications for March, most of the net new money flows went into Bond USD Medium Term (+US$17.7 billion), followed by Money Market GBP and Equity US (+US$12.1 billion and +US$12.0 billion). The largest net outflows took place for Money Market USD, at negative US$17.4 billion, bettered by Bond USD High Yield and Money Market JPY, at negative US$9.1 billion and negative US$6.7 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 Bond USD Medium Term (+US$36.7 billion), followed by Money Market EUR and Bond Global (+US$33.9 billion and +US$26.2 billion). The largest net outflows took place for Money Market USD, at negative US$66.6 billion, bettered by Money Market JPY and Equity Canada, at negative US$6.2 billion and negative US$5.1 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$147.9 billion), followed by Money Market GBP and Money Market EUR (+US$73.9 billion and +US$57.6 billion). The largest net outflows took place for Equity Europe, with a negative US$49.9 billion, bettered by Equity US and Mixed Asset USD Flex-US, with a negative US$25.6 billion and a negative US$20.3 billion, respectively.

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