While for the second consecutive month money market funds witnessed net outflows, handing back $1.2 billion for April, for the second month in a row both the stock & mixed-asset funds and fixed income funds macro-groups witnessed net inflows, taking in $7.9 billion and $6.0 billion, respectively. Authorized participants (APs, those investors who actually create and redeem ETF shares) were net purchasers of stock & mixed-asset ETFs—injecting $12.2 billion. And for the seventeenth consecutive month they were net purchasers of bond ETFs—injecting $15.9 billion for April.
For the first month in 11 U.S. Diversified Equity (USDE) Funds witnessed net inflows (+$11.5 billion for April). The main attractor of assets in the 4×3-matrix subgroup for the month was Multi-Cap Core Funds (+$22.3 billion). APs were net purchasers of all five equity-based ETF macro-classifications: USDE ETFs (+$7.5 billion), World Equity ETFs (+$4.3 billion), Alternatives ETFs (+$255 million), Mixed-Asset ETFs (+$97 million), and Sector Equity ETFs (+$53 million). In this segment I highlight the April fund-flow results for both types of investment vehicles.
Click here to download the April 2018 FundFlows Insight Report: Fund Investors and APs Warm to Domestic Equity Funds and ETFs in April.
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