07.21.2016

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

ICI.org –Washington, DC – Total estimated inflows1 to long-term mutual funds and exchange-traded funds (ETFs) were $19.55 billion for the week ended July 13, 2016, the Investment Company Institute reported today. Estimated mutual fund outflows were $3.08 billion while estimated net issuance for ETFs was $22.63 billion. Reports of long-term flow estimates and ETF net issuance are available on the ICI website.

 

Estimated Fund Flows Millions of dollars

7/13/2016 7/6/2016 6/29/2016 6/22/2016 6/15/2016
Equity 9,407 524 -10,026 -3,203 -789
Domestic 8,740 1,149 -8,034 -4,378 114
World 667 -625 -1,992 1,175 -903
Hybrid -1,076 -279 -2,485 -546 -742
Bond 11,488 7,361 -161 4,425 526
Taxable 9,572 6,003 -1,416 2,342 -1,155
Municipal 1,916 1,358 1,255 2,083 1,680
Commodity -268 2,158 2,098 689 933
Total 19,552 9,764 -10,574 1,365 -73

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 inflows of $9.41 billion for the week, compared to estimated inflows of $524 million in the previous week. Domestic equity funds had estimated inflows of $8.74 billion, and world equity funds had estimated inflows of $667 million.

Hybrid funds2—which can invest in stocks and fixed-income securities—had estimated outflows of $1.08 billion for the week, compared to estimated outflows of $279 million in the previous week.

Bond funds2 had estimated inflows of $11.49 billion for the week, compared to estimated inflows of $7.36 billion during the previous week. Taxable bond funds saw estimated inflows of $9.57 billion, and municipal bond funds had estimated inflows of $1.92 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 outflows of $268 million for the week, compared to estimated inflows of $2.16 billion 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.

-ICI-

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