For the eleventh month in 12 stock & mixed-asset mutual funds witnessed net outflows, handing back $12.8 billion for February, and for the first month in 14 fund investors were net sellers of fixed income mutual funds, withdrawing $1.3 billion from the macro-group. For the first month since May 2016 authorized participants (APs, those investors who actually create and redeem ETF shares) were net redeemers of stock & mixed-asset ETFs—withdrawing $10.1 billion. However, for the fifteenth consecutive month they were net purchasers of bond ETFs—injecting $2.1 billion for February.
Despite World Equity Funds taking it on the chin in February, declining 4.43% on average for the month and underperforming the average USDE fund (-3.61%), mutual fund investors continued to embrace international issues. For the fifth consecutive month fund investors were net purchasers of the World Equity Funds macro-classification, injecting $11.6 billion for February. APs were net redeemers of four of the five equity-based ETF macro-classifications: USDE ETFs (-$16.2 billion), Sector Equity ETFs (-$2.6 billion), Alternatives ETFs (-$1.2 billion), and Mixed-Asset ETFs (-$0.2 billion), but they were net purchasers of World Equity ETFs (+$10.2 billion) for the fifteenth consecutive month. In this segment I highlight the February fund-flow results for both types of investment vehicles.
Click here to download the February 2018 FundFlows Insight Report: Fund Investors and APs Are Net Redeemers of Equity Funds and ETFs for February.
Thomson Reuters Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.