06.22.2016

ICI Reports Combined Estimated Long-Term Fund Flows and ETF Net Issuance

ICI.com – Washington, DC – Total estimated outflows1 from long-term mutual funds and exchange-traded funds (ETFs) were $108 million for the week ended June 15, 2016, the Investment Company Institute reported today. Estimated mutual fund outflows were $5.26 billion while estimated net issuance for ETFs was $5.15 billion. Reports of long-term flow estimates and ETF net issuance are available on the ICI website.

 

Estimated Fund Flows
Millions of dollars

  6/15/2016 6/8/2016 6/1/2016 5/25/2016 5/18/2016
Equity -796 1,015 -585 -3,106 -3,194
  Domestic 108 -1,061 -844 -936 -2,679
  World -903 2,075 259 -2,170 -515
Hybrid -771 215 -610 301 -303
Bond 526 6,699 2,251 4,055 7,194
  Taxable -1,155 5,123 1,116 2,447 4,799
  Municipal 1,680 1,576 1,135 1,608 2,395
Commodity 933 415 -23 649 595
Total -108 8,344 1,033 1,899 4,291

Note: Components may not add to the total because of rounding. Includes funds not registered under the Investment Company Act of 1940.

Equity funds2 had estimated outflows of $796 million for the week, compared to estimated inflows of $1.02 billion in the previous week. Domestic equity funds had estimated inflows of $108 million, and world equity funds had estimated outflows of $903 million.

Hybrid funds2—which can invest in stocks and fixed-income securities—had estimated outflows of $771 million for the week, compared to estimated inflows of $215 million in the previous week.

Bond funds2 had estimated inflows of $526 million for the week, compared to estimated inflows of $6.70 billion during the previous week. Taxable bond funds saw estimated outflows of $1.16 billion, and municipal bond funds had estimated inflows of $1.68 billion.

Commodity funds2—which are ETFs (both registered and not registered under the Investment Company Act of 1940) that invest primarily in commodities, currencies, and futures—had estimated inflows of $933 million for the week, compared to estimated inflows of $415 million in the previous week.

 

Notes: Weekly fund flows are estimates that represent industry totals, based on reporting covering more than 98 percent of mutual fund and ETF assets. Actual mutual fund net new cash flows and ETF net issuance are collected and reported separately on a monthly basis; therefore, there are differences between these weekly estimates and the monthly flows. Data for previous weeks reflect revisions because of data adjustments, reclassifications, and changes in the number of funds reporting. Historical flow data are available on the ICI website.

1 Mutual fund data represent estimates of net new cash flow, which is new sales minus redemptions combined with net exchanges, while exchange-traded fund (ETF) data represent net issuance, which is gross issuance less gross redemptions. Data for mutual funds that invest primarily in other mutual funds and ETFs that invest primarily in other ETFs were excluded from the series.

2 ICI classifies mutual funds and ETFs based on language in the fund prospectus. For a detailed description of ICI classifications, please see ICI Open-End Investment Objective Definitions or ICI ETF Investment Objective Definitions.

 

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