September 19, 2017

Conventional Fund Investors Seek Safe Havens in August, While APs Are Opportunistic

by Tom Roseen

  • For the second month in a row mutual fund investors were net purchasers of fund assets, injecting a net $81.4 billion into the conventional funds business. Fixed income funds (+$22.1 billion) and money market funds (+$79.3 billion) witnessed net inflows for August, while investors were net redeemers of stock & mixed-asset funds (-$20.0 billion).
  • For the fifth month in a row Thomson Reuters Lipper’s World Equity Funds macro-classification witnessed net inflows, taking in $6.4 billion for August.
  • For the nineteenth consecutive month authorized participants (APs) were net purchasers of ETFs, injecting $28.5 billion for August. APs injected a net $19.1 billion into stock & mixed-asset ETFs and were net purchasers of bond ETFs, injecting a net $9.4 billion.
  • As a result of soft inflation figures and some slightly dovish Federal Reserve meeting minutes, APs padded the coffers of Core Bond ETFs (+$2.3 billion net) and Corporate Debt BBB-Rated ETFs (+$1.7 billion net).

Click here or on the Download Full Report link in the upper right hand column of this page to download the August 2017 FundFlows Insight Report: Conventional Fund Investors Seek Safe Havens in August, While APs Are Opportunistic.

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