by Tom Roseen.
In this issue of Lipper’s U.S. Mutual Funds and Exchange-Traded Products Snapshot, we feature a summary of total net assets, estimated net flows, new fund creations, and fund liquidations for conventional funds and exchange-traded products for Q3 2017, comparing those changes to prior quarters and highlighting the largest individual gainers and losers of both groups. Lipper’s U.S. Mutual Funds and Exchange-Traded Products Snapshot provides readers a powerful, easy-to-use guide and quick reference tool to help them discern fund trends for the quarter.
Total net assets (TNA) in the conventional funds business continued their ascent in Q3, climbing $650.7 billion from Q2 2017 to $17.9 trillion for Q3 as positive economic reports toward September month-end, accompanied by details of the proposed tax reform, pushed markets to new highs. Equity mutual fund investors proved fairly resilient in Q3 2017, discounting the shake-ups in the White House; the increasingly negative rhetoric between North Korea and the United States; and the devastation of Hurricanes Harvey, Irma, and Maria. For Q3 the average equity fund posted a return of 4.64%, with Lipper’s World Equity Funds macro-classification (+6.10%) staying at the top of the four major equity groupings for the third consecutive quarter.
TNAs in U.S. ETPs (including exchange-traded funds, exchange-traded notes, exchange-traded commodities, limited partnership commodity pools, master limited partnerships, and exchange-traded fund unit investment trusts) rose 6.45% from $3.0 trillion for Q2 to just a little under $3.2 trillion for Q3. All the major U.S. broad-based indices posted plus-side returns for Q3, with tech-focused indices still leading the pack despite the turbulence witnessed late in the quarter.
Click here or on the Download Full Report link in the upper right hand column of this page to download the entire FundIndustry Insight Report: Thomson Reuters Lipper U.S. Mutual Funds & ETPs Q3 2017 Snapshot.
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