by Tom Roseen.
Conventional mutual fund investors opted to sit on the sidelines in September, embracing fixed income and money market products, while authorized participants (APs—ETF investors) remained risk-seeking. Although mutual fund investors redeemed some $27.9 billion from stock & mixed-equity funds for the month, for the sixteenth consecutive month APs were net purchasers, injecting $17.2 billion. Year to date through September 30, 2017, conventional equity mutual funds handed back some $119.4 billion net, while equity ETFs took in $226.4 billion. On the fixed income side of the equation the focus of fund investors and APs stayed in step, with conventional bond funds attracting $207.6 billion year to date and bond ETFs drawing in $101.3 billion for the same period. In this segment we highlight the September fund-flow trends for both types of investment vehicles.
Click here to download the September 2017 FundFlows Insight Report: Conventional Fund Investors Remain Cautious in September, While APs Turn on the Afterburners.
Thomson Reuters Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.