June 16, 2017

Conventional Funds Take in Net New Money for May

by Tom Roseen

  • For the first month in three mutual fund investors were net purchasers of fund assets, injecting a net $32.6 billion into the conventional funds business. Fixed income funds (+$24.5 billion) and money market funds (+$8.5 billion) witnessed net inflows for May, while for the third consecutive month investors were net redeemers of stock & mixed-asset funds (-$0.4 billion).
  • For the first month in twenty-eight Thomson Reuters Lipper’s U.S. Diversified Equity (USDE) Funds macro-classification witnessed net inflows, taking in $350 million for May.
  • For the sixteenth consecutive month authorized participants (APs) were net purchasers of exchange-traded funds (ETFs), injecting $31.6 billion for May. APs injected a net $20.8 billion into stock & mixed-asset ETFs and were net purchasers of bond ETFs, injecting a net $10.8 billion.
  • Perhaps because yields declined at the long end of the curve, APs padded the coffers of Corporate Debt BBB-Rated ETFs (+$3.3 billion net) and Core Bond ETFs (+$1.9 billion net).

Click here or on the Download Full Report link in the upper right hand column of this page to download the May 2017 FundFlows Insight Report: Conventional Funds Take in Net New Money for May.

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