Fund Flow Trends
Positive Flows Continue
Estimated net cash flows for bond mutual funds registered positive for the first time in four weeks ($1.5 billion). YTD this $3.3 trillion fund genre is barely hanging on to positive net cash flows ($0.9 billion). In mid-February of each of the past two years, bond mutual funds had already collected more than $40 billion in net inflows. We continue expecting net cash outflows for bond mutual funds in the new year.
Positive Flows For Stock And Bond Funds
Estimated net cash flows for bond mutual funds registered positive for the first time in four weeks ($1.5 billion). YTD this $3.3 trillion fund genre is barely hanging on to positive net cash flows ($0.9 billion). In mid‐February of each of the past two years, bond mutual funds had already collected more than $40 billion in net inflows. We continue expecting net cash outflows for bond mutual funds in the new year.
YTD Bond Mutual Fund Net Cash Flows Back in Negative Territory
YTD net cash flows for bond mutual funds are back in negative territory, while domestic equity mutual funds hang on to positive net inflows. Equity ETFs had another rough week; YTD U.S. focus equity ETF net cash outflows are registering at nearly $32 billion.
A Couple of Noteworthy Highlights
Bond mutual fund net outflows resumed mid-way through January. High estimated net inflow this week to domestic equity mutual funds. YTD net outflows across the board for broad ETF categories.
January's Net Inflows Stay True To Form
Net inflows aren't too surprising, as mutual fund net inflows in general tend to spike in January.
Bond Mutual Funds Capture Net Inflows At Decelerating Rate
Positive estimated net cash flows into bond mutual funds were recorded for a second consecutive week; these are the first net inflows to this fund category since the end of September 2013 (17 weeks ago). This net flow isn't too surprising, however, as mutual fund flows in general tend to spike during January.
Positive Flows To All Categories - Even Bond Funds
Aside from money market funds, the first week of 2014 brought estimated positive net cash flows to all broad mutual fund categories - even bond mutual funds. This is the first weekly positive net cash flow to bond mutual funds since the end of September 2013 (16 weeks ago).
Reversal in Fund Flow Trends Holds in 2013
The reversal in fund flow trends that began mid-way through 2013 was solidified this week as the year came to end. Domestic equity mutual fund net cash flows ended the year in positive territory for the first time in 8 years at an estimated $16.7 billion. Conversely, bond mutual funds recorded their largest nominal annual net cash outflow ever at an estimated $87.9 billion.
Net Cash Inflows Resume For Equity Funds
Net cash inflows resumed for domestic equity mutual funds, and YTD net flows are likely to hold in positive territory for the first time in eight years. Conversely, bond mutual funds are looking to lock in the largest nominal annual net cash outflow ever recorded.
Bond Fund Outflows Not Letting Up
Net cash outflows from bond mutual funds are not letting up, with this week's estimated net outflow at $8.8 billion. Domestic equity mutual funds net cash outflows are an estimated net $11.5 billion, but foreign-focused mutual funds have total net cash inflows of $133.3 billion YTD.
Outflows From Equity & Bond Funds
Outflows From Domestic Equity & Bond Funds Continue; Foreign-Focus Funds Still See Inflows.
Second Week of Equity Fund Outflows
Net cash outflows from bond mutual funds are not letting up; we've seen fund outflows in 25 of the past 27 weeks, with this week's estimated net outflow at $5.6 billion.
Bond Mutual Fund Net Outflows Persist
The reversal in fund flow trends taking place mid-way through this year persists. Estimated net cash outflows from bond mutual funds continued this week ($4.4 billion), bringing YTD net outflows close to $60 billion.
Record YTD Bond Mutual Fund Net Outflows
Another week of estimated net outflows ($6.6 billion) has caused the bond mutual fund category to breach new lows.
Current Trends Remain Intact; Equity ETFs Flip Back To Inflows
Domestic equity mutual fund net cash flows continued their positive streak with an estimated $3.4 billion in net inflows this week.
Current Trend Continues
Current trends continued this week. Domestic equity mutual fund net cash flows were positive for a fourth consecutive week (an estimated $0.6 billion), but decelerated after two weeks of strong net cash inflows.
Equity Mutual Fund Inflows Return
After three weeks of outflows, domestic equity mutual fund net cash flows were positive again this week. Net cash outflows from bond mutual funds persist. Foreign-focused mutual funds continue to gather cash on a net basis. Domestic equity ETF flows remained positive this week moving closer to all-time record levels