Lipper Weekly U.S. Fund Flows Video Series - October 30, 2013

Published on 01 Nov 2013, by Jeff Tjornehoj
Mutual fund investors tilted their activities toward cash and equity products this week.

Lipper Weekly U.S. Fund Flows Video Series - December 5, 2012

Published on 07 Dec 2012, by Jeff Tjornehoj
Jeff Tjornehoj, Lipper's Head of Americas Research, discusses flows activity for the first week of December.


Published on 02 Nov 2012, by Matthew Lemieux
To say we had a wild ending for October would be a gross understatement as the East Coast of the U.S. prepared for and endured one of the most powerful storms in that area’s history. Adversely affecting the coastline from North Carolina to Massachusetts, “Super Storm” Sandy dealt a blow to America’s financial hub, closing U.S. markets for two consecutive days—an event not seen since 1888. With some operations running on backup power, the stock exchanges were able to reopen on Wednesday, handling the higher average volume but ending the session slightly down. With only three trading days to work with, investors’ action in mutual funds and ETFs (excluding money market funds) was relatively flat, posting net outflows of $754 million. Despite the equity markets’ posting their first monthly loss since May, stock ETFs continued to garner assets with net inflows of $1.3 billion—breaking a two-week losing streak. On the other side of the coin equity mutual fund investors continued to look for the door, pulling roughly $1.4 billion from their accounts. Once again the majority of assets came out of U.S. Diversified Equity products. As a bit of a surprise, taxable bond funds posted their first net outflow in 17 weeks and for only the fourth time this year. Corporate investment-grade products were able to attract net inflows of $291 million, while investors turned their back on high-yield funds—$619 million in net outflows. Municipals also seemed to suffer from the shortened week; they reported net redemptions of $123 million, breaking their 28-week inflow streak. Money market funds, with $23.5 billion in net outflows, saw the most action among the asset groups—their largest since August 2011. And with $24.6 billion coming from institutional accounts, much of the move may have been attributed to quarter-end tax deadlines.


Published on 12 Oct 2012, by Matthew Lemieux
U.S. equity markets continued to see-saw as the initial optimism over the central bank announcements quickly lost momentum. For the week ended Wednesday all of the major U.S. indices were in the red by more than a percentage point, with the technology sector taking the brunt of the losses; the NASDAQ ended the period down 2.7%. Surprisingly, the dip in the markets did not seem to have a large impact on fund investors. Looking at the corresponding flows for the week, mutual funds and ETFs reported net inflows of $3.7 billion, with investors continuing to place the majority of new cash into taxable bond products (+$2.3 billion). The equity group was once again mixed; stock mutual funds posted net outflows of $1.1 billion, while their ETF counterparts continued to garner assets of $2.1 billion net. Interest in municipal debt funds jumped as investors injected $915 million into the group—their largest weekly net inflow since mid-August. Money market fund flows were relatively flat, ending the week with net redemptions of $506 million.

Lipper Weekly U.S. Fund Flows Video Series - October 3, 2012

Published on 05 Oct 2012, by Jeff Tjornehoj
The bumpy end to the third-quarter seems to have taken a toll on investors’ willingness to own equity mutual funds, as withdrawals from these investments totaled $2.4 billion during the week ended October 3, 2012. That’s the eighth week in a row in which investors have withdrawn assets from equity mutual funds, with U.S. stock funds bearing the brunt of those outflows. Net redemptions in that category hit $2.6 billion during the period, with even Lipper’s Equity Income Funds group – which has tended to remain appealing to investors – reporting outflows for the week, even though that figure was a meager $500,000 or so. In some recent weeks, equity ETFs have continued to see inflows even as mutual funds have recorded net redemptions. This week, that pattern changed. After injecting a net $27.8 billion into ETFs over the previous three weeks, ETF investors switched gears, withdrawing $440 million from these investments in the period ended October 3. Once more, safety seemed to be back in favor. Taxable bond funds reported inflows of $2.4 billion during the period, while the riskier high-yield bond funds witnessed net redemptions of about $400 million on top of a loss of $500 million in assets in the prior week Investors found international and global funds more appealing; that group attracted some $470 million during the period. Tax-exempt municipal bond funds also saw their coffers swell, reporting inflows of about $550 million, extending their streak of uninterrupted inflows to 27 weeks.

Lipper Weekly U.S. Fund Flows Video Series - September 12, 2012

Published on 14 Sep 2012, by Jeff Tjornehoj
Jeff Tjornehoj talks about his observations on mutual fund and ETF flows.