May 16, 2017

For April Conventional Funds Suffer the Largest Net Redemptions Since December 2016

by Tom Roseen

  • For the second consecutive month mutual fund investors were net sellers of fund assets, withdrawing a net $31.8 billion from the conventional funds business. Fixed income funds (+$20.4 billion) witnessed the only net inflows for April. For the thirteenth month in 14 investors were net redeemers of stock & mixed-asset funds (-$28.9 billion), and for the fourth month running they were net sellers of money market funds, withdrawing $23.3 billion.
  • For the twenty-seventh consecutive month Thomson Reuters Lipper’s U.S. Diversified Equity (USDE) Funds macro-classification witnessed net redemptions, handing back $34.5 billion for April.
  • For the fifteenth consecutive month authorized participants (APs) were net purchasers of exchange-traded funds (ETFs), injecting $35.0 billion for April. APs injected a net $24.0 billion into stock & mixed-asset ETFs and were net purchasers of bond ETFs, injecting a net $11.0 billion.
  •  Perhaps because yields declined at the long end of the curve, APs padded the coffers of General U.S. Treasury ETFs (+$1.8 billion net) and High Yield ETFs (+$1.4 billion net).

Click here or on the Download Full Report link in the upper right hand column of this page to download the April 2017 FundFlows Insight Report: For April Conventional Funds Suffer the Largest Net Redemptions Since December 2016.

Get In Touch


Related Reports

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., ...

Usually designed to a high specification, fund group foyers often have on tasteful ...