Last updated: 22:45 / Tuesday, 2 August 2016
Thomson Reuters Lipper Report

Bond Funds and Equity Funds, the Worst and Best Performing in a Global Scale

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Bond Funds and Equity Funds, the Worst and Best Performing in a Global Scale
  • Bond funds accounted for US$18.1 billion in net inflows during June and US$202.9 billion year-to-date
  • Equity funds saw US$25.6 billion in net outflows in June and a negative US$115 billion year-to-date
  • Commodity funds at 13.7% are the best performing funds year to date

According to Otto Christian Kober, Global Head of Methodology at Thomson Reuters Lipper, assets under management in the global collective investment funds market grew US$188.8 billion (+0.5%) for June and stood at US$36.2 trillion at the end of the month. Estimated net outflows accounted for US$27.8 billion, while US$216.6 billion was added because of the positively performing markets. On a year-to-date basis assets increased US$998.9 billion (+2.8%). Included in the overall year-to-date asset change figure were US$9.6 billion of estimated net outflows. Compared to a year ago, assets decreased US$122.0 billion (-0.3%). Included in the overall one-year asset change figure were US$467.7 billion of estimated net inflows. The average overall return in U.S.-dollar terms was a positive 0.4% at the end of the reporting month, outperforming the 12-month moving average return by 0.7 percentage point and outperforming the 36-month moving average return by 0.3 percentage point.

The top fund promoter by market share was Vanguard, followed by Fidelity and BlackRock.


Most of the net new money was attracted by bond funds, accounting for US$18.1 billion, followed by commodity and “other” funds with US$4.2 billion and US$1.9 billion of net inflows, respectively. Equity funds, with a negative US$25.6 billion, were at the bottom of the table for June, bettered by money market funds and alternatives funds with US$19.8 billion and US$4.9 billion of net outflows. The best performing funds for the month were commodity funds at 4.5%, followed by “other” funds and bond funds with 1.6% and 1.5% returns on average. Equity funds bottom-performed with a negative 0.5%, bettered somewhat by alternatives funds and real estate funds with negative 0.4% and negative 0.2%.

In a year-to-date perspective most of the net new money was attracted by bond funds, accounting for US$202.9 billion, followed by commodity funds and “other” funds with US$22.3 billion and US$6.1 billion of net inflows, respectively. Equity funds were at the bottom of the table with a negative US$115 billion, bettered by money market funds and mixed-asset funds with US$89.3 billion and US$43.3 billion of net outflows. The best performing funds year to date were commodity funds at 13.7%, followed by bond funds and mixed-asset funds with 5.7% and 4.7% returns on average. Alternatives funds bottom-performed with a negative 0.1%, bettered by “other” funds and money market funds with 1.6% and 1.6%.

Most of the net new money over the past 12 months was attracted by money market funds, accounting for US$422.3 billion, followed by bond funds and alternatives funds with US$186.3 billion and US$27.6 billion of net inflows, respectively. Mixed-asset funds were at the bottom of the table with a negative US$157.5 billion, bettered by equity funds and “other” funds with US$35.6 billion and US$1.7 billion of net outflows. The best performing funds over the last 12 months were bond funds at 1%, followed by money market funds and mixed-asset funds with negative 2.6% and negative 3.6% returns on average. Commodity funds performed the worst with a negative 7.9%, bettered by equity funds and “other” funds with negative 6.9% and negative 5.2%.

Looking at fund classifications for June, most of the net new money flows went into Lipper’s Bond USD Medium-Term classification (+US$11.0 billion), followed by Money Market GBP and Bond USD Municipal (+US$6.9 billion and +US$5.6 billion). The largest outflows took place in Money Market EUR with a negative US$22.2 billion, bettered by Equity US and Equity Europe with negative US$15.0 billion and negative US$7.8 billion.

Looking at fund classifications year to date, most of the net new money flowed into Bond USD Medium-Term (+US$57.5 billion), followed by Equity Global ex US and Bond USD Municipal (+US$39.7 billion and +US$33.1 billion). The largest net outflows took place in Money Market USD, with a negative US$57.5 billion, bettered by Equity US and Money Market CNY with negative US$55.1 billion and negative US$49.7 billion.

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