Lipper Weekly U.S. Fund Flows Video Series—February 11, 2015

Published on 13 Feb 2015, by Jeff Tjornehoj
Equity mutual fund investors can't get behind recent rally.

Lipper Weekly U.S. Fund Flows Video Series - January 8, 2014

Published on 10 Jan 2014, by Jeff Tjornehoj
The Dow Jones Industrial Average finished the flows week ended Wednesday, January 8, at 16,462—about 114 points lower—for a poor finish to the first flows week of the New Year. Perhaps most troubling was equity funds’ unfortunate start: the first week of 2013 saw over $18 billion of net inflows flood the coffers of equity mutual funds and exchange-traded funds (ETFs). This past week’s take was just $1.9 billion net and suggested that investors are skeptical about last year’s rally flowing into 2014. Equity mutual fund investors stayed in the game and accounted for all of the past week’s inflows into equity products. ETF investors had tiny net outflows of $2.5 million.

Lipper Weekly U.S. Fund Flows Video Series - February 20, 2013

Published on 22 Feb 2013, by Jeff Tjornehoj
Mutual fund investors continued their New Year’s resolution to buy more stock funds; this past week they added another $2.6 billion to those accounts. Investors also continued to favor equity funds that are focused on companies outside the U.S., adding $1.7 billion in net sales to nondomestic equity funds and just $900 million to domestic equity mutual funds. Core portfolio holdings such as those in Lipper’s Large-Cap Core Funds (-$255 million) and S&P 500 Index Objective Funds (-$147 million) classifications led the losers column; investors favored multi- and small-cap fund strategies instead. Equity exchange-traded funds (ETFs) had just $237 million of net inflows as investors remained noncommittal to SPDR S&P 500 ETF (SPY), which had an unremarkable outflow of $696 million; SPDR Gold (GLD) led the equity ETF outflows list at $1.4 billion.

Lipper Weekly U.S. Fund Flows Video Series - January 2, 2013

Published on 04 Jan 2013, by Jeff Tjornehoj
Jeff Tjornehoj discusses the flows among mutual funds and ETFs during the last week of December 2012.

Lipper Weekly U.S. Fund Flows Video Series - November 14, 2012

Published on 16 Nov 2012, by Jeff Tjornehoj
Lipper's Head of Americas Research Jeff Tjornehoj discusses the week's flows events for mutual funds and ETFs.


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 - September 12, 2012

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

Lipper Weekly U.S. Fund Flows Video Series - August 1, 2012

Published on 03 Aug 2012, by Jeff Tjornehoj
Despite a week of performance that included seeing the Dow touch 13,000 for the first time since early May, equity mutual fund investors were sellers, yanking about $3.0 billion from their accounts. Much of the outflows were from their core holdings, large-cap funds, which saw $1.9 billion pulled away. Taxable bond fund investors were net investors but could only muster $1.4 billion this week, down from +$2.6 billion the week before. The top draw was again U.S. Mortgage Funds (+$572 million) of which DoubleLine Total Return Fund accounted for about $519 million in net new money. Like taxable bond fund investors, muni debt fund investors also eased off the accelerator this week and bought up about $480 million in muni funds, down from $750 million a week ago. In the short-term space, money market funds had net withdrawals of $4.4 billion, most of which was due to institutional investor activity.

Lipper Weekly U.S. Fund Flows Video Series - August 3, 2011

Published on 05 Aug 2011, by Matthew Lemieux
Matthew Lemieux reviews Lipper's U.S. weekly fund flows for the week ended August 3, 2011. The spill over from last week’s debt ceiling negotiations combined with the downturn in global equities markets caused investors to pull $75.5 billion from U.S. Mutual Funds and ETFs for the week. Although $65.8 billion in outflows was attributed to Money Market funds, all other asset types experienced net redemptions for the week.