Last updated: 09:46 / Tuesday, 1 November 2016
Thomson Reuters Lipper Report

September was Positive for the Investment Funds Market

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September was Positive for the Investment Funds Market
  • AUM in the global collective investment funds market reached US$37.40 trillion at the end of September
  • That is a 6.9% increase year-to-date and 10.1% for the last 12 months
  • Bond funds attracted the most flows while money market funds lead outflows

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$167.6 billion (+0.5%) for September and stood at US$37.40 trillion at the end of the month. Estimated net outflows accounted for US$7.3 billion, while US$174.9 billion was added because of the positively performing markets. On a year-to-date basis assets increased US$2.43 trillion (+6.9%). Included in the overall year-to-date asset change figure were US$306.9 billion of estimated net inflows. Compared to a year ago, assets increased a considerable US$3.44 trillion (+10.1%). Included in the overall one-year asset change figure were US$664.8 billion of estimated net inflows. The average overall return in U.S.-dollar terms was a positive 0.7% at the end of the reporting month, outperforming the 36-month moving average return by 0.6 percentage point.

Most of the net new money for September was attracted by bond funds, accounting for US$37.9 billion, followed by mixed-asset funds and real estate funds, at US$6.8 billion and US$0.8 billion of net inflows, respectively. Money market funds, at negative US$46.7 billion, were at the bottom of the table for September, bettered by alternatives funds and equity funds, at US$2.9 billion and US$2.6 billion of net outflows, respectively. All asset types posted positive returns for the month, with commodity funds at 2.4%, followed by “other” funds and real estate funds, with 1.8% and 0.9% returns on average. The best performing funds for the month were commodity funds at 2.4%, followed by “other” funds and real estate funds, with 1.8% and 0.9% returns on average. Money market funds, at positive 0.3%, bottom-performed, bettered by mixed-asset funds and alternatives funds, with positive 0.5% and positive 0.6%, respectively.

Most of the net new money for the year to date was attracted by bond funds, accounting for US$409.9 billion, followed by commodity funds and “other” funds, with US$26.9 billion and US$5.5 billion of net inflows, respectively. Equity funds, at negative US$92.5 billion, were at the bottom of the table for the year to date, bettered by alternatives funds and money market funds, with US$23.6 billion of net outflows and US$20.5 billion of net outflows, respectively. All asset types posted positive returns for the month, with commodity funds at 11.9%, followed by “other” funds and bond funds, with 7.9% and 7.8% returns on average. Money market funds, at positive 2.0%, bottom-performed, bettered by alternatives funds and real estate funds, at positive 2.0% and positive 6.3%, respectively.

Most of the net new money for the one-year period was attracted by bond funds, accounting for US$420.4 billion, followed by money market funds and commodity funds, with US$219.9 billion and US$24.9 billion of net inflows, respectively. Alternatives funds, at negative US$34.8 billion, were at the bottom of the table for the one-year period, bettered by “other” funds and real estate funds, with US$0.6 billion and US$5.3 billion of net inflows, respectively. All asset types posted positive returns for the one-year period, with equity funds at 10.8%, followed by “other” funds and mixed-asset funds, with 10.5% and 8.5% returns on average. The best performing funds for the one-year period were equity funds at 10.8%, followed by “other” funds and mixed-asset funds, with 10.5% and 8.5% returns on average. Money market funds, at positive 1%, bottom-performed, bettered by alternatives funds and commodity funds, at positive 1.3% and positive 2.6%, respectively.

Looking at Lipper's fund classifications for September, most of the net new money flows went into Bond USD Medium Term (+US$7.8 billion), followed by Equity Japan and Equity Emerging Mkts Global (+US$6.5 billion and +US$5.8 billion). The largest net outflows took place for Money Market USD, at negative US$32.9 billion, bettered by Money Market KRW and Equity US, at negative US$10.7 billion and negative US$8.7 billion, respectively.

Looking at Lipper's fund classifications for the year to date, most of the net new money flows went into Bond USD Medium Term (+US$98.4 billion), followed by Bond USD Municipal and Money Market GBP (+US$46.4 billion and +US$43 billion). The largest net outflows took place for Equity US, at negative US$64.2 billion, bettered by Equity Europe and Mixed Asset CNY Flexible, at negative US$48 billion and negative US$47.7 billion, respectively.

Looking at Lipper's fund classifications for the one-year period, most of the net new money flows went into Bond USD Medium Term (+US$112.8 billion), followed by Money Market USD and Money Market CNY (+US$78.5 billion and +US$68.2 billion). The largest net outflows took place for Equity US, at negative US$55.2 billion, bettered by Mixed Asset CNY Flexible and Equity Europe, at negative US$33.4 billion and negative US$33.0 billion, respectively.

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