May 16, 2017

Global Fund Market Statistics For April: Lipper Analysis

by Otto Christian Kober

Key Highlights & Observations

Fund Market Overall

Assets under management in the global collective investment funds market grew US$586.7 billion (+1.5%) for April and stood at US$39.88 trillion at the end of the month. Estimated net inflows accounted for US$70.9 billion, while US$515.8 billion was added because of the positively performing markets. On a year-to-date basis assets increased US$2,667.8 billion (+7.2%). Included in the overall year-to-date asset change figure were US$442.4 billion of estimated net inflows. Compared to a year ago, assets increased a considerable US$3,806.9 billion (+10.6%). Included in the overall one-year asset change figure were US$1,026.9 billion of estimated net inflows. The average overall return in U.S.-dollar terms was a positive 1.2% at the end of the reporting month, outperforming the 12-month moving average return by 0.7 percentage point and outperforming the 36-month moving average return by 1.2 percentage points.

Fund Market by Asset Type, April

Most of the net new money for April was attracted by bond funds, accounting for US$57.8 billion, followed by mixed-asset funds and equity funds, at US$13.3 billion and US$5.9 billion of net inflows, respectively. Money market funds, with a negative US$7.9 billion, were at the bottom of the table for April, bettered by “other” funds and real estate funds, at US$2.5 billion of net outflows and US$0.3 billion of net inflows, respectively. The best performing funds for the month were equity funds at 1.7%, followed by alternatives funds and bond funds, with 1.1% and 1.1% returns on average. Commodity funds, at negative 0.8%, bottom-performed, bettered by “other” funds and money market funds, at negative 0.1% and positive 0.4%, 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$269.8 billion, followed by equity funds and mixed-asset funds, with US$146.5 billion and US$67.7 billion of net inflows, respectively. Money market funds, with a negative US$61.1 billion, were at the bottom of the table for the year to date, bettered by “other” funds and real estate funds, with US$4.7 billion of net outflows and US$2.6 billion of net inflows, respectively. All asset types posted positive returns for the year to date, with equity funds at 9.1%, followed by “other” funds and mixed-asset funds, with 7.2% and 5.4% returns on average. Commodity funds, at positive 0.6% bottom-performed, bettered by money market funds and alternatives funds, at positive 3.3% and positive 4.0%, 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$628.0 billion, followed by equity funds and money market funds, with US$154.2 billion and US$134.5 billion of net inflows, respectively. “Other” funds, at negative US$8.1 billion, were at the bottom of the table for the one-year period, bettered by alternatives funds and real estate funds, with US$8.8 billion of net inflows and US$9.3 billion of net inflows, respectively. The best performing funds for the one-year period were equity funds at 11.9%, followed by mixed-asset funds and “other” funds, with 5.5% and 4.9% returns on average. Commodity funds, at negative 4.1%, bottom-performed, bettered by real estate funds and money market funds, at negative 2.1% and negative 1.2%, respectively.

Fund Classifications, April

Looking at Lipper’s fund classifications for April, most of the net new money flows went into Money Market GBP (+US$11.4 billion), followed by Bond Global and Equity Global ex US (+US$11.2 billion and +US$10.2 billion). The largest net outflows took place for Equity US, at negative US$16.6 billion, bettered by Money Market USD and Money Market BRL, at negative US$12.3 billion and negative US$9.8 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 Bond USD Medium Term (+US$49.3 billion), followed by Bond Global and Equity Global ex US (+US$39.6 billion and +US$36.9 billion). The largest net outflows took place for Money Market USD, at negative US$78.1 billion, bettered by Money Market CNY and Bond CNY, at negative US$62.7 billion and negative US$14.6 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$144.4 billion), followed by Money Market GBP and Money Market USD (+US$87.4 billion and +US$63.7 billion). The largest net outflows took place for Money Market CNY, with a negative US$69.1 billion, bettered by Equity Europe and Equity US, with a negative US$38.7 billion and a negative US$32.0 billion, respectively.

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